Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells 5,000 Shares of Stock

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

PHX Energy Services Stock Performance

Shares of TSE:PHX traded down C$0.33 during midday trading on Thursday, hitting C$11.48. The stock had a trading volume of 100,973 shares, compared to its average volume of 231,379. The company has a market capitalization of C$524.17 million, a PE ratio of 12.90 and a beta of 1.35. The stock has a 50 day moving average price of C$12.30 and a two-hundred day moving average price of C$9.67. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. PHX Energy Services Corp. has a 1 year low of C$6.87 and a 1 year high of C$14.17.

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

Analyst Ratings Changes

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