PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$23,103.08 in Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 2,800 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of C$8.25, for a total transaction of C$23,103.08.

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

• On Wednesday, May 14th, John Michael Hooks sold 269,900 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.02, for a total transaction of C$2,164,598.00.

PHX Energy Services Trading Down 1.5%

TSE:PHX opened at C$8.14 on Wednesday. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25. The firm has a 50-day moving average of C$8.14 and a 200-day moving average of C$8.92. The company has a market cap of C$371.26 million, a PE ratio of 5.11 and a beta of 2.32. PHX Energy Services Corp. has a one year low of C$6.64 and a one year high of C$10.70.

PHX Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date was Monday, March 31st. PHX Energy Services’s payout ratio is 50.27%.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their target price on shares of PHX Energy Services from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research report on Monday, May 5th.

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.