Phoenix Energy Services Corp (TSE:PHX) Had Its Target Price per Share Upgraded by Analysts at Scotia Capital to $5.50

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ScotiaBank_Analyst_Rating_Change Phoenix Energy Services Corp TSE:PHX

Phoenix Energy Services Corp (TSE:PHX) Target Change

In a note revealed by Scotia Capital on Friday, 7 October, Phoenix Energy Services Corp (TSE:PHX) had its price target increased to $5.50. The firm right now has “Outperform” rating on the stock.

The target increase is well-received by equity trades, as TSE:PHX is at the moment trading 0.24% higher at $4.14 as of 07:50 New York time. Phoenix Energy Services Corp shares have gained 90.28% over the past 200 days, while the Standard & Poor’s 500 index has risen 6.91% during the same time period.

According to data compiled by Thomson Reuters, Phoenix Energy Services Corp (TSE:PHX)’s stock is covered by 6 equity analysts across the Street, with 0 analysts giving it a Sell rating, 6 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $2.92, which reflects an downside potential of 29.47% over the current price.

TSE:PHX Price Chart & Trend

The stock price of Phoenix Energy Services Corp skyrocketed 90.28% over the last 200 days, and is in powerful up trend. In the last 50 and 100 days, Phoenix Energy Services Corp is up 48.03% and up 52.96%, respectively. Our stocks momentum model is shown on the price chart below.Phoenix Energy Services Corp (TSE:PHX) Had Its Target Price per Share Upgraded by Analysts at Scotia Capital to $5.50

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

PHX Stock Chart

Phoenix Energy Services Corp (TSE:PHX) Profile

PHX Energy Services Corp. is a Canada-based company, which provides horizontal and directional drilling technology and services. The Company offers its services to oil and natural gas producing companies in the Canadian provinces of Alberta, Saskatchewan, British Columbia and Manitoba; across the Gulf Coast, Northeast and Rocky Mountain regions of the United States, and internationally, primarily in Albania and Russia. The Company’s segments include Canada, United States and International.

Phoenix Energy Services Corp (TSE:PHX) traded up 0.24% on 7 October, hitting $4.14. A total of 36,000 shares of the company’s stock traded hands. This is down from average of 123,381 shares. Phoenix Energy Services Corp has a 52 week low of $1.10 and a 52 week high of $4.29. The company has a market cap of $219.44M and a P/E ratio of 0.

Get the latest Phoenix Energy Services Corp (TSE:PHX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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