PHX Energy Services (TSE:PHX) Hits New 52-Week High – What’s Next?

Posted by Caroline Horne on Mar 24th, 2026

PHX Energy Services Corp. (TSE:PHX – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$13.69 and last traded at C$13.66, with a volume of 63677 shares traded. The stock had previously closed at C$13.32.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$8.00 to C$11.75 in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.13.

Read Our Latest Stock Report on PHX Energy Services

PHX Energy Services Stock Performance

The company has a market capitalization of C$626.99 million, a price-to-earnings ratio of 12.23 and a beta of 1.73. The firm has a fifty day simple moving average of C$10.01 and a 200 day simple moving average of C$8.40. The company has a debt-to-equity ratio of 29.22, a current ratio of 1.88 and a quick ratio of 1.25.

PHX Energy Services (TSE:PHX – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$183.89 million during the quarter. PHX Energy Services had a return on equity of 24.11% and a net margin of 7.71%. On average, analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

PHX Energy Services Company Profile

(Get Free Report)

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.