PHX Energy Services (TSE:PHX) Insider Sells C$1,215,000.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of C$12.15, for a total transaction of C$1,215,000.00. Following the sale, the insider owned 2,710,804 shares in the company, valued at C$32,936,268.60. This represents a 3.56% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Wednesday, September 23rd, John Michael Hooks sold 128,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.00, for a total transaction of C$1,545,600.00.
• On Tuesday, September 22nd, John Michael Hooks sold 57,500 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total transaction of C$690,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total transaction of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Price Performance

Shares of TSE:PHX opened at C$12.11 on Friday. The company’s fifty day moving average is C$11.94 and its two-hundred day moving average is C$11.76. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 40.80. PHX Energy Services Corp. has a 12-month low of C$6.87 and a 12-month high of C$14.17. The company has a market cap of C$554.17 million, a P/E ratio of 12.75 and a beta of 1.30.

PHX Energy Services (TSE:PHX) last released its earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$178.91 million during the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%. Equities analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

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.