Average Price Target: C$3.48
▼ -18.62% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for PHX Energy Services in the last 3 months. The average price target is C$3.48, with a high forecast of C$5.50 and a low forecast of C$1.40. The average price target represents a -18.62% upside from the last price of C$4.27.
The current consensus among 3 contributing investment analysts is to buy stock in PHX Energy Services.
PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole, as well as performance drilling motors. In addition, it provides performance drilling motor rental, survey management, gyro surveying, and streaming services; and Web-based remote electronic drilling recorder technology and services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.