PHX Energy Services (TSE:PHX) Insider Sells C$59,000.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$11.80, for a total value of C$59,000.00. Following the transaction, the insider owned 326,100 shares in the company, valued at approximately C$3,847,980. This represents a 1.51% decrease in their position.

PHX Energy Services Stock Up 2.4%

TSE PHX opened at C$11.90 on Friday. PHX Energy Services Corp. has a 52 week low of C$6.87 and a 52 week high of C$14.17. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56. The business’s fifty day simple moving average is C$12.26 and its 200-day simple moving average is C$9.71. The firm has a market cap of C$543.34 million, a PE ratio of 13.37 and a beta of 1.35.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.20 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. As a group, equities analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.