Q4 Earnings Forecast for TSE:PHX Issued By Atb Cap Markets

PHX Energy Services Corp. (TSE:PHX - Free Report) - Atb Cap Markets lowered their Q4 2024 earnings estimates for PHX Energy Services in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now forecasts that the company will earn $0.26 per share for the quarter, down from their prior estimate of $0.27. 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' Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.21 EPS and FY2025 earnings at $1.23 EPS.

Separately, ATB Capital decreased their price objective on PHX Energy Services from C$11.75 to C$11.50 in a report on Thursday.

PHX Energy Services Trading Down 0.6 %

PHX traded down C$0.06 during trading on Friday, hitting C$9.95. 34,253 shares of the stock were exchanged, compared to its average volume of 77,982. 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 50 day simple moving average of C$9.55 and a 200 day simple moving average of C$9.43. The firm has a market cap of C$462.97 million, a price-to-earnings ratio of 5.44 and a beta of 2.32. PHX Energy Services has a 1 year low of C$7.91 and a 1 year high of C$10.70.

PHX Energy Services (TSE:PHX - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$0.26 EPS for the quarter, topping analysts' consensus estimates of C$0.20 by C$0.06. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. The business had revenue of C$154.23 million for the quarter, compared to analyst estimates of C$149.00 million.

Insider Activity

In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 4,900 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. In other PHX Energy Services news, insider PHX Energy Services Corp purchased 60,600 shares of the firm's stock in a transaction on Saturday, August 31st. The stock was bought at an average cost of C$10.17 per share, for a total transaction of C$616,350.48. Also, Senior Officer Michael Leslie Buker sold 4,900 shares of the company's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. In the last three months, insiders have sold 113,200 shares of company stock worth $1,075,396. 11.86% of the stock is currently owned by company insiders.

PHX Energy Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given 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 8.04%. PHX Energy Services's dividend payout ratio (DPR) is presently 43.72%.

About PHX Energy Services

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.