PHX Energy Services (PHX) Gets a Sell Rating from BMO Capital


PHX Energy Services (TSX: PHX), the Materials sector company was revisited today, and remains overvalued for at least one analyst on the street. The company received a Sell rating from BMO Capital’s analyst Michael Mazar, with a C$3 price target.

Mazar has an average return of 31.9% when recommending PHX Energy Services.

According to TipRanks.com, Mazar is ranked #1931 out of 4908 analysts.

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PHX Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$4.50.

The company has a one-year high of C$3.31 and a one-year low of C$1.82. Currently, PHX Energy Services has an average volume of 33.06K.

PHX Energy Services Corp. is a public oil and natural gas services company, which engages in the provision of horizontal and directional technology and drilling services to oil and natural gas producing companies. It operates through the following geographical segments: Alberta, Saskatchewan, British Columbia, and Manitoba; Gulf Coast, Northeast and Rocky Mountain regions of the US; and Albania and Russia. Its technology include E-360 MWD System; P-360 Positive Pulse MWD System; 360 RWD System; 360 CV MWD System; Velocity Real-Time System; and Perforamnce Drilling Motors. The company was founded on October 8, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Friday at C$3.02.

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