Revenue Update on PHI(NASDAQ:PHII)

PHI(NASDAQ:PHII) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $0.27.

PHI (PHII) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.11% at a volume of 418. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.5. The peak price level was also seen at $18.5 while the days lowest was $18.5. Finally the shares closed at $18.5. The 52-week high of the shares is $29 while the 52-week low is $13.05. According to the latest information available, the market cap of the company is $290 M.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Alton Anthony Jr Gonsoulin (CEO) purchased 16,000 shares at $17.58 per share price.Also, On Aug 31, 2015, Thomas H Murphy (director) purchased 1,000 shares at $25.75 per share price.

PHI Inc. is a provider of helicopter transportation services in the Gulf of Mexico. The Company also provides helicopter services to the oil and gas industry in certain other domestic and international markets. It operates in three business segments: Oil and Gas Air Medical and Technical Services. The Company’s Oil and Gas segment provides helicopter services for the integrated and independent oil and gas production companies transporting personnel and equipment to offshore platforms in the Gulf of Mexico. In the United States the Company provides air medical transportation services for hospitals and emergency service agencies. The Technical Services segment provides helicopter repair and overhaul services. The Company is engaged in the transportation of personnel and to a lesser extent parts and equipment to from and among offshore platforms for customers engaged in the oil and gas exploration development and production industry in the Gulf of Mexico.

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