Atb Cap Markets Has Positive Outlook for TSE:PHX Q3 Earnings

PHX Energy Services Corp. (TSE:PHX - Free Report) - Equities research analysts at Atb Cap Markets lifted their Q3 2024 earnings estimates for PHX Energy Services in a research note issued on Tuesday, October 22nd. Atb Cap Markets analyst T. Monachello now forecasts that the company will earn $0.28 per share for the quarter, up from their previous forecast of $0.27. The consensus estimate for PHX Energy Services' current full-year earnings is $1.24 per share.

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

Separately, ATB Capital lowered their price target on shares of PHX Energy Services from C$12.25 to C$11.75 in a research report on Tuesday.

PHX Energy Services Stock Performance

Shares of PHX traded up C$0.08 during trading hours on Friday, hitting C$9.53. The company had a trading volume of 43,674 shares, compared to its average volume of 77,744. The firm has a market cap of C$443.43 million, a price-to-earnings ratio of 5.21 and a beta of 2.32. The business has a fifty day moving average of C$9.66 and a 200-day moving average of C$9.42. PHX Energy Services has a 12 month low of C$7.00 and a 12 month high of C$10.70. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date of this dividend was Friday, September 27th. PHX Energy Services's dividend payout ratio is 43.72%.

Insider Buying and Selling

In other news, Senior Officer John Michael Hooks sold 58,300 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total value of C$533,998.85. In other news, Senior Officer John Michael Hooks sold 58,300 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total value of C$533,998.85. Also, insider PHX Energy Services Corp bought 60,600 shares of the company's stock in a transaction dated Saturday, August 31st. The stock was purchased at an average price of C$10.17 per share, with a total value of C$616,350.48. 11.86% of the stock is owned by insiders.

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.