Craig Brown Sells 14,600 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer Craig Brown sold 14,600 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$9.00, for a total transaction of C$131,400.00.

PHX Energy Services Trading Down 0.1 %

TSE PHX opened at C$8.98 on Tuesday. The stock has a market capitalization of C$435.62 million, a P/E ratio of 5.38 and a beta of 2.35. PHX Energy Services Corp. has a 52-week low of C$5.58 and a 52-week high of C$9.14. The firm has a 50-day moving average price of C$7.80 and a 200 day moving average price of C$7.12. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 28.07.

PHX Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.68%. PHX Energy Services’s dividend payout ratio is presently 47.90%.

Wall Street Analysts Forecast Growth

PHX has been the subject of several analyst reports. Atb Cap Markets raised PHX Energy Services from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, August 8th. Stifel Nicolaus increased their price target on PHX Energy Services from C$10.00 to C$12.50 in a report on Wednesday, November 8th. ATB Capital raised shares of PHX Energy Services from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$10.00 to C$11.00 in a research note on Wednesday, August 9th. Finally, BMO Capital Markets raised their target price on shares of PHX Energy Services from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development companies in Canada, the United States, and internationally. It offers Velocity Real-Time Systems that provide downhole guidance systems; Atlas motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.