Michael Leslie Buker Sells 30,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 30,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the sale, the insider owned 326,100 shares in the company, valued at approximately C$3,844,719. The trade was a 8.42% decrease in their ownership of the stock.

Michael Leslie Buker also recently made the following trade(s):

• On Wednesday, May 20th, Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$11.80, for a total transaction of C$59,000.00.

PHX Energy Services Stock Down 2.6%

Shares of PHX Energy Services stock opened at C$11.23 on Wednesday. The business’s 50 day simple moving average is C$12.21 and its 200 day simple moving average is C$9.78. PHX Energy Services Corp. has a 52-week low of C$6.87 and a 52-week high of C$14.17. The firm has a market cap of C$512.75 million, a PE ratio of 12.62 and a beta of 1.35. The company has a debt-to-equity ratio of 41.56, a quick ratio of 1.25 and a current ratio of 1.92.

PHX Energy Services (TSE:PHX) last announced its earnings results on Tuesday, May 5th. The company reported C$0.20 earnings per share (EPS) for the quarter. PHX Energy Services had a return on equity of 19.38% and a net margin of 6.21%.The business had revenue of C$183.89 million for the quarter. On average, analysts predict that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PHX shares. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. BMO Capital Markets lifted their price target on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$11.13.

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.