PHX Energy Services (TSE:PHX) Insider Jeffery John Shafer Sells 20,000 Shares

PHX Energy Services Corp. (TSE:PHX) insider Jeffery John Shafer sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of C$13.70, for a total value of C$274,000.00. Following the completion of the transaction, the insider owned 183,793 shares in the company, valued at approximately C$2,517,964.10. This trade represents a 9.81% decrease in their ownership of the stock.

Jeffery John Shafer also recently made the following trade(s):

• On Thursday, March 26th, Jeffery John Shafer sold 5,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.98, for a total transaction of C$71,298.00.
• On Friday, March 27th, Jeffery John Shafer sold 1,200 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.70, for a total value of C$16,440.00.

PHX Energy Services Stock Down 2.1%

Shares of PHX stock traded down C$0.28 during trading hours on Tuesday, hitting C$13.16. 348,383 shares of the company were exchanged, compared to its average volume of 244,514. The stock has a market capitalization of C$597.04 million, a price-to-earnings ratio of 11.65 and a beta of 1.73. The business’s 50-day simple moving average is C$10.60 and its two-hundred day simple moving average is C$8.62. The company has a debt-to-equity ratio of 29.22, a quick ratio of 1.25 and a current ratio of 1.88. PHX Energy Services Corp. has a one year low of C$6.64 and a one year high of C$14.17.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.35 earnings per share for the quarter. PHX Energy Services had a net margin of 7.71% and a return on equity of 24.11%. The business had revenue of C$183.89 million during the quarter. Sell-side analysts predict that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PHX shares. BMO Capital Markets increased their target price 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 shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, PHX Energy Services currently has an average rating of “Buy” and a consensus price target of C$11.13.

PHX Energy Services News Roundup

Here are the key news stories impacting PHX Energy Services this week:

• Negative Sentiment: Multiple insiders sold material blocks: Craig Brown sold 50,000 shares (≈C$687,500, a 27.83% cut to his stake) and director David Raines sold 8,333 shares (≈C$113,162, a 23.16% stake reduction). Large, concentrated disposals from insiders can be perceived negatively by the market. Insider Selling: PHX Energy Services (TSE:PHX) Director Sells
• Negative Sentiment: Jeffery John Shafer executed several sales over the week totaling 26,300 shares (~C$361,738 in proceeds across trades on Mar 26, 27 and 30), representing a ~9.8% reduction from his prior holdings — another sign of insider distribution rather than accumulation.
• Negative Sentiment: Director Myron A. Tetreault sold a series of smaller tranches (total 13,000 shares, ≈C$177k) across Mar 30–31, reducing his holding by over 33% to 10,000 shares — notable percentage cuts even if dollar amounts are smaller.
• Negative Sentiment: Collectively these disposals (≈C$1.34M) increase supply and may amplify downward pressure given today’s weaker price action and higher-than-average volume; while insider selling can be for personal/liquidity reasons, the size and timing raise market concern.

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.