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 stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total value of C$353,700.00. Following the completion of the sale, the insider owned 326,100 shares of the company’s stock, valued at approximately C$3,844,719. This trade represents a 8.42% decrease in their position.

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 shares were sold at an average price of C$11.80, for a total value of C$59,000.00.

PHX Energy Services Stock Down 3.4%

Shares of PHX stock traded down C$0.41 during trading hours on Monday, reaching C$11.49. The company had a trading volume of 34,679 shares, compared to its average volume of 231,336. 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 Corp. has a twelve month low of C$6.87 and a twelve month high of C$14.17. The company has a market capitalization of C$524.62 million, a P/E ratio of 12.91 and a beta of 1.35. The stock’s fifty day simple moving average is C$12.26 and its 200 day simple moving average is C$9.73.

PHX Energy Services (TSE:PHX) last posted 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 during the quarter. As a group, sell-side analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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