PHX Energy Services (TSE:PHX) Hits New 12-Month Low – Here’s What Happened

PHX Energy Services Corp. (TSE:PHX) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$8.41 and last traded at C$8.49, with a volume of 58749 shares traded. The stock had previously closed at C$8.64.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their price objective on PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday, November 7th.

PHX Energy Services Trading Down 1.6 %

The company’s 50-day simple moving average is C$9.29 and its 200 day simple moving average is C$9.50. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 25.99. The firm has a market capitalization of C$387.68 million, a PE ratio of 5.34 and a beta of 2.32.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.