PHI (PHII) Cut to Hold at ValuEngine

PHI (NASDAQ:PHII) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Shares of PHI (NASDAQ PHII) opened at $12.25 on Friday. The firm has a market cap of $197.48, a PE ratio of -4.96 and a beta of 1.42. PHI has a 12 month low of $9.01 and a 12 month high of $16.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.96 and a current ratio of 7.19.

PHI (NASDAQ:PHII) last released its quarterly earnings data on Friday, November 3rd. The energy producer reported ($0.21) earnings per share for the quarter. The business had revenue of $150.17 million for the quarter. PHI had a negative return on equity of 6.61% and a negative net margin of 6.75%.

An institutional investor recently bought a new position in PHI stock. Malaga Cove Capital LLC acquired a new position in shares of PHI Inc. (NASDAQ:PHII) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,492 shares of the energy producer’s stock, valued at approximately $374,000. Malaga Cove Capital LLC owned 0.20% of PHI as of its most recent SEC filing. 1.86% of the stock is owned by institutional investors and hedge funds.

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PHI Company Profile

PHI, Inc is engaged in transportation of personnel to, from, and among offshore platforms for customers engaged in the oil and gas exploration, development and production industry. The Company offers these services in various domestic and international markets. Most of its offshore flight operations are concentrated in the Gulf of Mexico.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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