PHX Energy Services (TSE:PHX) Insider Michael Leslie Buker Sells 5,000 Shares

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$11.80, for a total transaction of C$59,000.00. Following the sale, the insider owned 326,100 shares in the company, valued at C$3,847,980. This represents a 1.51% decrease in their ownership of the stock.

PHX Energy Services Stock Down 2.8%

TSE:PHX traded down C$0.33 during midday trading on Thursday, hitting C$11.48. 100,973 shares of the company were exchanged, compared to its average volume of 231,379. The company has a fifty day simple moving average of C$12.30 and a 200 day simple moving average of C$9.67. PHX Energy Services Corp. has a fifty-two week low of C$6.87 and a fifty-two week high of C$14.17. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. The company has a market capitalization of C$524.17 million, a PE ratio of 12.90 and a beta of 1.35.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. The firm had revenue of C$183.89 million for the quarter. As a group, equities analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. ATB Cormark Capital Markets upgraded shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$8.00 to C$11.75 in a research note on Wednesday, February 25th. BMO Capital Markets lifted their price objective on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.