Myron Arthur Tetreault Sells 6,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Director Myron Arthur Tetreault sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$13.69, for a total transaction of C$82,140.00. Following the completion of the sale, the director directly owned 28,000 shares of the company’s stock, valued at C$383,320. This represents a 17.65% decrease in their ownership of the stock.

PHX Energy Services Stock Performance

Shares of PHX Energy Services stock remained flat at C$13.67 during midday trading on Friday. 119,404 shares of the stock were exchanged, compared to its average volume of 238,675. 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 fifty-two week low of C$6.64 and a fifty-two week high of C$14.17. The firm has a 50 day moving average of C$10.37 and a 200 day moving average of C$8.52. The stock has a market capitalization of C$620.18 million, a P/E ratio of 12.10 and a beta of 1.73.

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

Analyst Ratings Changes

Several research firms have recently issued reports on PHX. BMO Capital Markets upped their price target on PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. ATB Cormark Capital Markets upgraded 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 report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$11.13.

About PHX Energy Services

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.