Phxtech: PHX Energy Services Corp. (TSE:PHX) to Post FY2024 Earnings of $1.16 Per Share, Atb Cap Markets Forecasts

PHX Energy Services Corp. ( TSE:PHX - Free Report ) - Equities researchers at Atb Cap Markets upped their FY2024 earnings per share (EPS) estimates for shares of PHX Energy Services in a research report issued on Wednesday, August 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $1.16 per share for the year, up from their prior forecast of $1.09. The consensus estimate for PHX Energy Services' current full-year earnings is $1.18 per share. Atb Cap Markets also issued estimates for PHX Energy Services' Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.35 EPS and Q4 2025 earnings at $0.34 EPS. PHX Energy Services ( TSE:PHX - Get Free Report ) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.37 EPS for the quarter, beating the consensus estimate of C$0.34 by C$0.03. The business had revenue of C$166.12 million during the quarter, compared to analyst estimates of C$161.25 million. PHX Energy Services had a net margin of 14.26% and a return on equity of 45.23%. Check Out Our Latest Research Report on PHX PHX Energy Services Trading Up 1.7 % TSE:PHX opened at C$9.77 on Friday. The stock has a market capitalization of C$463.98 million, a price-to-earnings ratio of 5.12 and a beta of 2.37. PHX Energy Services has a 52 week low of C$7.00 and a 52 week high of C$10.67. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 20.04. The firm has a 50 day moving average of C$9.44 and a 200 day moving average of C$9.22. PHX Energy Services Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend was Friday, June 28th. PHX Energy Services's dividend payout ratio is presently 41.88%. Insider Buying and Selling at PHX Energy Services In related news, Director Karen David-Green acquired 3,950 shares of the stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of C$8.55 per share, for a total transaction of C$33,756.31. In other news, Director Karen David-Green acquired 3,950 shares of the business's stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of C$8.55 per share, with a total value of C$33,756.31. Also, insider PHX Energy Services Corp bought 317,600 shares of the firm's stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of C$8.74 per share, with a total value of C$2,775,824.00. In the last quarter, insiders have purchased 325,250 shares of company stock worth $2,843,153. 11.88% of the stock is owned by corporate insiders. PHX Energy Services Company Profile ( Get Free Report ) 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. See Also Five stocks we like better than PHX Energy Services The How and Why of Investing in Gold Stocks Wall Street Predicts Zillow Stock Will Dominate in Performance How to Use High Beta Stocks to Maximize Your Investing Profits It's Too Soon to Buy the Dip in Weight Loss Drugmakers How to Invest in the Best Canadian Stocks Owens-Corning Stock: Good Value or Recession Red Flag? Receive News & Ratings for PHX Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PHX Energy Services and related companies with MarketBeat.com's FREE daily email newsletter .