PHX Energy Services (TSE:PHX) Insider Michael Leslie Buker Acquires 5,000 Shares

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, November 27th. The shares were acquired at an average price of C$7.32 per share, for a total transaction of C$36,600.00. Following the acquisition, the insider directly owned 311,100 shares of the company’s stock, valued at approximately C$2,277,252. The trade was a 1.63% increase in their ownership of the stock.

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

• On Tuesday, November 25th, Michael Leslie Buker bought 5,000 shares of PHX Energy Services stock. The shares were acquired 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 Tuesday, November 25th, Michael Leslie Buker sold 3,100 shares of PHX Energy Services stock. The stock was sold at an average price of C$7.20, for a total transaction of C$22,320.00.

PHX Energy Services Price Performance

PHX opened at C$7.54 on Friday. PHX Energy Services Corp. has a 1 year low of C$6.64 and a 1 year high of C$9.79. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67. The company’s 50 day simple moving average is C$7.40 and its 200 day simple moving average is C$7.79. The stock has a market capitalization of C$340.64 million, a PE ratio of 6.98 and a beta of 0.93.

PHX Energy Services (TSE:PHX) last posted its quarterly 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 for the quarter. As a group, sell-side analysts expect that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on PHX. ATB Capital lowered PHX Energy Services from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$9.50 to C$8.50 in a research note 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 analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.