John Michael Hooks Sells 100,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were sold at an average price of C$12.15, for a total transaction of C$1,215,000.00. Following the completion of the sale, the insider owned 2,710,804 shares of the company’s stock, valued at C$32,936,268.60. The trade was a 3.56% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total transaction of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Price Performance

Shares of PHX traded up C$0.05 during mid-day trading on Tuesday, hitting C$11.98. 97,888 shares of the company traded hands, compared to its average volume of 180,884. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80. The stock has a market capitalization of C$548.22 million, a price-to-earnings ratio of 12.61 and a beta of 1.30. The business has a 50-day moving average of C$11.86 and a 200 day moving average of C$11.77. PHX Energy Services Corp. has a one year low of C$6.87 and a one year high of C$14.17.

PHX Energy Services (TSE:PHX) last released its earnings results on Tuesday, August 4th. The company reported C$0.21 EPS for the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%.The company had revenue of C$178.91 million during the quarter. As a group, equities analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

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. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.