PHX Energy Services (TSE:PHX) Insider John Michael Hooks Sells 128,800 Shares

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 128,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$12.00, for a total value of C$1,545,600.00. Following the transaction, the insider directly owned 2,510,804 shares in the company, valued at C$30,129,648. The trade was a 4.88% decrease in their ownership of the stock.

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

• On Tuesday, September 22nd, John Michael Hooks sold 57,500 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total value of C$690,000.00.
• On Friday, September 18th, John Michael Hooks sold 100,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.15, for a total transaction of C$1,215,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The shares were 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 stock was sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Stock Up 1.2%

Shares of PHX Energy Services stock traded up C$0.14 during trading hours on Thursday, reaching C$12.25. The company’s stock had a trading volume of 48,562 shares, compared to its average volume of 180,279. PHX Energy Services Corp. has a one year low of C$6.87 and a one year high of C$14.17. The company has a market capitalization of C$560.57 million, a P/E ratio of 12.89 and a beta of 1.30. The stock’s fifty day simple moving average is C$11.91 and its two-hundred day simple moving average is C$11.77. The company has a debt-to-equity ratio of 40.80, a quick ratio of 1.25 and a current ratio of 2.07.

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

PHX Energy Services Company Profile

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.