FY2024 EPS Estimates for TSE:PHX Cut by Atb Cap Markets

PHX Energy Services Corp. (TSE:PHX - Free Report) - Investment analysts at Atb Cap Markets dropped their FY2024 EPS estimates for PHX Energy Services in a research note issued to investors on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings of $1.11 per share for the year, down from their previous estimate of $1.16. The consensus estimate for PHX Energy Services' current full-year earnings is $1.24 per share. Atb Cap Markets also issued estimates for PHX Energy Services' Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.36 EPS and FY2026 earnings at $1.42 EPS.

Separately, ATB Capital cut their price objective on shares of PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday.

PHX Energy Services Stock Performance

Shares of PHX traded down C$0.18 during midday trading on Monday, hitting C$9.77. 32,890 shares of the stock traded hands, compared to its average volume of 77,775. PHX Energy Services has a 1-year low of C$7.91 and a 1-year high of C$10.70. The business's 50 day moving average price is C$9.55 and its two-hundred day moving average price is C$9.44. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62. The firm has a market capitalization of C$454.60 million, a PE ratio of 5.44 and a beta of 2.32.

Insider Buying and Selling

In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 4,900 shares of PHX Energy Services stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total transaction of C$49,147.00. In related news, Senior Officer Michael Leslie Buker sold 4,900 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total value of C$49,147.00. Also, Senior Officer John Michael Hooks sold 58,300 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total value of C$533,998.85. In the last quarter, insiders have sold 113,200 shares of company stock valued at $1,075,396. 11.86% of the stock is owned by corporate insiders.

PHX Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 8.19%. PHX Energy Services's dividend payout ratio is currently 43.72%.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.