PHX Energy Services (TSE:PHX) Reaches New 1-Year High at $10.43

PHX Energy Services Corp. (TSE:PHX) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.43 and last traded at C$10.41, with a volume of 61413 shares traded. The stock had previously closed at C$10.15.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered their target price on shares of PHX Energy Services from C$12.25 to C$11.75 and set an “outperform” rating on the stock in a research note on Friday, June 28th.

PHX Energy Services Trading Up 2.6 %

The company has a debt-to-equity ratio of 20.04, a quick ratio of 1.25 and a current ratio of 1.74. The company has a market capitalization of C$494.37 million, a PE ratio of 5.36 and a beta of 2.37. The stock has a fifty day moving average of C$9.13 and a 200 day moving average of C$9.07.

PHX Energy Services (TSE:PHX) last released its earnings results on Tuesday, May 7th. The company reported C$0.37 EPS for the quarter, topping the consensus estimate of C$0.34 by C$0.03. PHX Energy Services had a net margin of 14.26% and a return on equity of 45.23%. The firm had revenue of C$166.12 million for the quarter, compared to the consensus estimate of C$161.25 million. As a group, sell-side analysts predict that PHX Energy Services Corp. will post 1.1799729 earnings per share for the current fiscal year.

PHX Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 7.68%. The ex-dividend date was Friday, June 28th. PHX Energy Services’s dividend payout ratio (DPR) is presently 41.88%.

Insider Transactions at PHX Energy Services

In other news, Director Karen David-Green purchased 3,950 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of C$8.55 per share, with a total value of C$33,756.31. In other PHX Energy Services news, Director Karen David-Green purchased 3,950 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of C$8.55 per share, with a total value of C$33,756.31. Also, Director Garrett Wright acquired 3,700 shares of the company’s stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of C$9.07 per share, with a total value of C$33,573.06. Over the last three months, insiders have bought 326,125 shares of company stock valued at $2,850,923. 11.88% of the stock is currently owned by insiders.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.