PHX Energy Services Corp. (TSE:PHX - Free Report) - Investment analysts at Atb Cap Markets cut their FY2024 earnings estimates for shares of PHX Energy Services in a report issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.10 for the year, down from their prior forecast of $1.11. 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' Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.20 EPS, FY2025 earnings at $1.15 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.38 EPS and FY2027 earnings at $1.54 EPS.
Separately, ATB Capital lowered their price target on shares of PHX Energy Services from C$11.75 to C$11.50 in a research report on Thursday, November 7th.
Get Our Latest Analysis on PHX Energy Services
PHX Energy Services Trading Down 0.5 %
PHX Energy Services stock traded down C$0.05 during trading on Thursday, reaching C$9.47. 33,505 shares of the company were exchanged, compared to its average volume of 76,187. The stock's 50 day simple moving average is C$9.64 and its two-hundred day simple moving average is C$9.54. The company has a market capitalization of C$440.64 million, a P/E ratio of 5.17 and a beta of 2.32. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25. PHX Energy Services has a 52-week low of C$7.91 and a 52-week high of C$10.70.
PHX Energy Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 8.45%. PHX Energy Services's dividend payout ratio (DPR) is 43.72%.
Insider Buying and Selling at PHX Energy Services
In related news, Senior Officer John Michael Hooks sold 58,300 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total transaction of C$533,998.85. Also, Senior Officer Cameron Michael Ritchie sold 50,000 shares of PHX Energy Services stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$9.85, for a total value of C$492,250.00. Company insiders own 11.86% of the company's stock.
About PHX Energy Services
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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.
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