TSE:PHX FY2024 EPS Estimate Decreased by Atb Cap Markets

PHX Energy Services Corp. (TSE:PHX) – Equities researchers at Atb Cap Markets lowered their FY2024 EPS estimates for shares of PHX Energy Services in a report issued on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now expects that the company will earn $1.11 per share for the year, down from their prior 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 dropped their price target on PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday, November 7th.

PHX Energy Services Price Performance

Shares of PHX opened at C$9.73 on Monday. The firm has a market capitalization of C$452.74 million, a PE ratio of 5.32 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. The company’s fifty day moving average price is C$9.55 and its 200-day moving average price is C$9.44. PHX Energy Services has a 1-year low of C$7.91 and a 1-year high of C$10.70.

Insider Buying and Selling

In other PHX Energy Services news, Senior Officer John Michael Hooks sold 58,300 shares of the company’s stock in a transaction 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 Cameron Michael Ritchie sold 50,000 shares of PHX Energy Services stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$9.85, for a total transaction of C$492,250.00. Also, Senior Officer John Michael Hooks sold 58,300 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total transaction of C$533,998.85. Insiders sold a total of 113,200 shares of company stock valued at $1,075,396 over the last 90 days. Insiders own 11.86% of the company’s stock.

PHX Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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 dividend yield of 8.22%. PHX Energy Services’s payout ratio is currently 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.