BMO Capital Markets raises PHX Energy Services (OTCMKTS:PHXHF) price target to C$9.50

PHX Energy Services (OTCMKTS: PHXHFGet a rating) had its target price raised by BMO Capital Markets from CA$9.00 to CA$9.50 in a report released Thursday morning, Fly reports.

Separately, Stifel Nicolaus lowered his price target on PHX Energy Services from C$9.75 to C$9.50 in a research note on Thursday.

PHXHF opened at $5.24 on Thursday. The company’s 50-day moving average price is $5.14 and its two-hundred-day moving average price is $4.25. PHX Energy Services has a 1-year minimum of $2.90 and a 1-year maximum of $5.94.

PHX Energy Services Company Profile (Get a rating)

PHX Energy Services Corp. provides horizontal and directional drilling technologies and services to oil and natural gas exploration and development and production companies in Canada, the United States, Russia, Albania and the Middle East. It offers Velocity Real-Time System, a revolutionary technology that offers downhole guidance systems; Atlas Motors, a high performance drill motor; PowerDrive Orbit RSS, a rotating steerable system; P-360 Positive Pulse MWD System, a measurement-while-drilling (MWD) tool; and the E-360 EM MWD System, an MWD tool that transmits electrical signals through geological formations.

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