PHX Energy Services (TSE:PHX) Announces Quarterly Earnings Results

PHX Energy Services (TSE:PHX) posted its earnings results on Tuesday. The company reported C$0.21 EPS for the quarter, FiscalAI reports. The firm had revenue of C$178.91 million during the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%.

PHX Energy Services Stock Performance

Shares of PHX Energy Services stock opened at C$10.92 on Wednesday. The company’s 50 day moving average price is C$10.79 and its two-hundred day moving average price is C$10.96. The firm has a market capitalization of C$498.60 million, a P/E ratio of 12.27 and a beta of 1.10. PHX Energy Services has a fifty-two week low of C$6.87 and a fifty-two week high of C$14.17. The company has a debt-to-equity ratio of 41.56, a current ratio of 1.92 and a quick ratio of 1.25.

Insiders Place Their Bets

In other PHX Energy Services news, insider Michael Leslie Buker sold 30,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$11.79, for a total value of C$353,700.00. Following the completion of the transaction, the insider owned 326,100 shares of the company’s stock, valued at C$3,844,719. This represents a 8.42% decrease in their position. Also, insider Cameron Michael Ritchie sold 33,333 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of C$11.36, for a total transaction of C$378,662.88. Following the completion of the transaction, the insider owned 100,000 shares of the company’s stock, valued at approximately C$1,136,000. This trade represents a 25.00% decrease in their position. Insiders sold a total of 132,166 shares of company stock valued at $1,515,354 over the last quarter. 11.86% of the stock is owned by corporate insiders.

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.