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

PHX Energy Services (TSE:PHX) released its earnings results on Tuesday. The company reported C$0.23 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$204.18 million for the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%.

PHX Energy Services Trading Down 0.1%

PHX opened at C$12.68 on Wednesday. The company has a fifty day moving average price of C$12.63 and a two-hundred day moving average price of C$11.48. PHX Energy Services has a 1-year low of C$6.87 and a 1-year high of C$14.17. The company has a market cap of C$580.25 million, a P/E ratio of 13.35 and a beta of 1.38. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80.

Insider Transactions at PHX Energy Services

In related news, insider John Michael Hooks sold 128,800 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of C$12.00, for a total value of C$1,545,600.00. Following the completion of the sale, the insider directly owned 2,510,804 shares of the company’s stock, valued at C$30,129,648. The trade was a 4.88% decrease in their position. Also, insider Michael Leslie Buker sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$12.47, for a total value of C$187,050.00. Following the completion of the sale, the insider directly owned 332,600 shares of the company’s stock, valued at C$4,147,522. The trade was a 4.32% decrease in their ownership of the stock. Insiders have sold a total of 341,100 shares of company stock worth $4,128,300 in the last three months. Insiders own 11.86% of the company’s stock.

About PHX Energy Services

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.