GMP FirstEnergy Keeps a Hold Rating on PHX Energy Services

By Austin Angelo

PHX Energy Services (TSX: PHX), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Ian Gillies from GMP FirstEnergy remains neutral on the stock and has a C$3.25 price target.

According to TipRanks.com, Gillies is ranked #4438 out of 4766 analysts.

PHX Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$3.25.

The company has a one-year high of C$3.90 and a one-year low of C$1.64. Currently, PHX Energy Services has an average volume of 37.99K.

PHX Energy Services Corp. provides horizontal and directional technology and drilling services to oil and natural gas producing companies in Canada, U.S., Albania, Peru, Russia, and Colombia through its subsidiaries. The company develops and manufactures its E-360 electromagnetic and P-360 positive pulse measurement while drilling technologies that are made available for internal operational use. PHX Energy Services was founded on October 8, 2010 and is headquartered in Calgary, Canada.

The company’s shares closed on Wednesday at C$2.03.