Scotiabank Believes PHX Energy Services (PHX) Still Has Room to Grow
A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Vladislav Vlad from Scotiabank rated PHX Energy Services (PHX) a Buy, setting a C$5 price target.
According to TipRanks.com, Vlad is ranked #4674 out of 5196 analysts.
PHX Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$4.42.
Based on PHX Energy Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$18.36 million. In comparison, last year the company had a GAAP net loss of C$4.25 million.
PHX Energy Services Corp. engages in the provision of horizontal and directional technology and drilling services to oil and natural gas producing companies. The firm also offers electronic drilling recorder technology and services. It operates through the following geographical segments: Canada, United States, and International.
The company’s shares closed on Wednesday at C$3.29, close to its 52-week high of C$3.50.