PHX Energy Services (TSE:PHX) Hits New 52-Week Low – Here’s Why

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

Analysts Set New Price Targets

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

PHX Energy Services Trading Down 1.6 %

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

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.