Insider Buying: PHX Energy Services Corp. (TSE:PHX) Director Purchases 1,730 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) Director Karen David-Green acquired 1,730 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of C$8.01 per share, with a total value of C$13,859.55.

PHX Energy Services Stock Down 10.9 %

Shares of TSE:PHX opened at C$7.62 on Friday. PHX Energy Services Corp. has a 52-week low of C$7.60 and a 52-week high of C$10.70. The company has a market capitalization of C$347.54 million, a PE ratio of 4.79 and a beta of 2.32. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67. The company has a fifty day moving average of C$8.96 and a 200-day moving average of C$9.33.

PHX Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 10.50%. PHX Energy Services’s dividend payout ratio is presently 50.27%.

About PHX Energy Services

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.