PHX Energy Services (TSE:PHX) Hits New 52-Week High at $10.70

PHX Energy Services Corp. (TSE:PHX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$10.70 and last traded at C$10.61, with a volume of 61011 shares changing hands. The stock had previously closed at C$10.14.

Analyst Ratings Changes

Separately, ATB Capital increased their price objective on shares of PHX Energy Services from C$11.75 to C$12.25 in a research report on Thursday, August 8th.

PHX Energy Services Trading Up 3.8 %

The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51. The stock has a market cap of C$489.96 million, a P/E ratio of 5.77 and a beta of 2.35. The firm’s 50-day simple moving average is C$9.53 and its 200 day simple moving average is C$9.24.

PHX Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 7.60%. PHX Energy Services’s dividend payout ratio (DPR) is 43.72%.

Insider Activity at PHX Energy Services

In other PHX Energy Services news, insider PHX Energy Services Corp bought 317,600 shares of PHX Energy Services stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of C$8.74 per share, for a total transaction of C$2,775,824.00. In other news, insider PHX Energy Services Corp purchased 317,600 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of C$8.74 per share, for a total transaction of C$2,775,824.00. Also, Director Garrett Wright purchased 3,700 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of C$9.07 per share, for a total transaction of C$33,573.06. 11.96% of the stock is currently owned by corporate 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.