Michael Leslie Buker Sells 3,100 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 3,100 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of C$7.20, for a total value of C$22,320.00. Following the completion of the sale, the insider directly owned 306,100 shares of the company’s stock, valued at approximately C$2,203,920. This trade represents a 1.00% decrease in their position.

Michael Leslie Buker also recently made the following trade(s):

• On Tuesday, November 25th, Michael Leslie Buker purchased 5,000 shares of PHX Energy Services stock. The shares were bought at an average price of C$2.64 per share, for a total transaction of C$13,200.00.
• On Tuesday, November 25th, Michael Leslie Buker sold 700 shares of PHX Energy Services stock. The stock was sold at an average price of C$7.22, for a total value of C$5,054.00.
• On Tuesday, November 25th, Michael Leslie Buker sold 1,200 shares of PHX Energy Services stock. The shares were sold at an average price of C$7.21, for a total value of C$8,652.00.
• On Thursday, November 27th, Michael Leslie Buker bought 5,000 shares of PHX Energy Services stock. The stock was purchased at an average price of C$7.32 per share, for a total transaction of C$36,600.00.

PHX Energy Services Trading Up 0.8%

Shares of TSE PHX traded up C$0.06 during mid-day trading on Friday, hitting C$7.54. The stock had a trading volume of 131,033 shares, compared to its average volume of 114,595. The business has a 50 day moving average price of C$7.40 and a two-hundred day moving average price of C$7.79. PHX Energy Services Corp. has a 1 year low of C$6.64 and a 1 year high of C$9.79. The firm has a market cap of C$340.64 million, a P/E ratio of 6.98 and a beta of 0.93. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67.

PHX Energy Services (TSE:PHX) last posted its earnings results on Tuesday, November 4th. The company reported C$0.16 earnings per share for the quarter. PHX Energy Services had a net margin of 11.40% and a return on equity of 34.01%. The company had revenue of C$164.33 million during the quarter. On average, equities analysts anticipate that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PHX shares. ATB Capital downgraded PHX Energy Services from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$9.50 to C$8.50 in a report on Thursday, October 23rd. Atb Cap Markets downgraded shares of PHX Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$8.50.

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.