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PHX Energy Services Corp T.PHX

Alternate Symbol(s):  PHXHF

PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the United States. It also rents performance drilling motors and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, United States, Albania, and the Middle East regions. It also develops and manufactures technologies that are made available for internal operational use. The Company operates in two operating segments on a geographical basis throughout the Gulf Coast, Northeast and Rocky Mountain regions of the United States and throughout the Western Canadian Sedimentary Basin. Its technologies include PowerDrive Orbit RSS, Atlas Motors, Performance Drilling Motors, Velocity Real-Time System, Echo, 360 RWD System, and North Seeking Gyro.


TSX:PHX - Post by User

Post by retiredcfon Jun 15, 2023 7:28am
186 Views
Post# 35497555

Stifel

Stifel

As can be seen, he has lowered his targets for every company that he covers in this sector. GLTA

Cole Pereira, a oilfield services and energy infrastructure analyst at Stifel, made a series of target adjustments to stocks in his coverage universe on Thursday.

His changes include:

  • Calfrac Well Services Ltd. ( “buy”) to $8.50 from $9. The average target is $8.80.
  • Cathedral Energy Services Ltd. (“buy”) to $1.80 from $1.90. Average: $1.89.
  • Ensign Energy Services Inc. ( “hold”) to $2.50 from $3. Average: $4.67.
  • Pason Systems Inc. ( “hold”) to $14 from $15.50. Average: $16.92.
  • PHX Energy Services Corp. ( “buy”) to $9.50 from $11. Average: $9.
  • Precision Drilling Corp. ( “buy”) to $118 from $130. Average: $124.28.
  • Stampede Drilling Inc. (SDI-X) to 40 cents from 45 cents. Average: 53 cents.
  • Western Energy Services Corp. ( “hold”) to $3 from $3.15. Average: $3.08.
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