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Phoenix Energy Services Corp (TSE:PHX) target price raised to $5.50, reported today by Scotia Capital

Yesterday Phoenix Energy Services Corp (TSE:PHX) traded 0.24% higher at $4.15. The company’s 50-day moving average is $3.24 and its 200-day moving average is $2.80. The last stock close price is up 48.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 36,000 shares of the stock were exchanged, down from an average trading volume of 71,977

Phoenix Energy Services Corp (TSE:PHX) had its target price raised to $5.50 by Scotia Capital in a report released 10/07/2016. The new target price indicates a possible upside of 0.33% based on the company's last stock close price.

Previously on Wednesday September 07, 2016, Altacorp Capital reported about Phoenix Energy Services Corp (TSE:PHX) raised the target price from $3.50 to $3.75. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Phoenix Energy Services Corp (TSE:PHX)

Phoenix Energy Services Corp has a 52 week low of $1.10 and a 52 week high of $4.29 The company’s market cap is currently $0.

In addition to Scotia Capital reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $2.92 with 0 firms rating the stock a strong buy, 6 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Phoenix Energy Services Corp (TSE:PHX)

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. The Company provides electronic drilling recorder (EDR) technology and services. The Company also develops and manufactures technologies that are made available for internal operational use. Its Canadian directional drilling operations are conducted through Phoenix Technology Services LP. The Company markets its EDR technology and services in Canada through its division, Stream Services. Its operations in the United States are conducted through its subsidiary, Phoenix Technology Services USA Inc.

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