PHX Energy Services (TSE:PHX) Insider Sells C$353,700.00 in Stock

PHX Energy Services Corp. (TSE:PHX – Get Free Report) insider Michael Leslie Buker sold 30,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were 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 directly owned 326,100 shares of the company’s stock, valued at C$3,844,719. This represents a 8.42% decrease in their position.

Michael Leslie Buker also recently made the following trade(s):

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• On Wednesday, May 20th, Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$11.80, for a total value of C$59,000.00.

PHX Energy Services Stock Performance

TSE:PHX traded down C$0.41 during trading hours on Monday, reaching C$11.49. 34,679 shares of the stock were exchanged, compared to its average volume of 231,336. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56. The firm has a 50 day simple moving average of C$12.26 and a 200-day simple moving average of C$9.73. PHX Energy Services Corp. has a 52 week low of C$6.87 and a 52 week high of C$14.17. The stock has a market capitalization of C$524.62 million, a P/E ratio of 12.91 and a beta of 1.35.

PHX Energy Services (TSE:PHX – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. PHX Energy Services had a return on equity of 19.38% and a net margin of 6.21%.The company had revenue of C$183.89 million for the quarter. As a group, sell-side analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. BMO Capital Markets increased their target price on PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$8.00 to C$11.75 in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$11.13.

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About PHX Energy Services

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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.

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