PHX Energy Services (TSE:PHX – Get Free Report) released its earnings results on Tuesday. The company reported C$0.35 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$183.89 million for the quarter. PHX Energy Services had a net margin of 11.40% and a return on equity of 34.01%.
PHX Energy Services Trading Up 1.8%
Shares of TSE:PHX traded up C$0.16 during trading on Tuesday, reaching C$9.15. 111,920 shares of the stock were exchanged, compared to its average volume of 144,904. PHX Energy Services has a 12-month low of C$6.64 and a 12-month high of C$9.39. The firm’s 50-day moving average price is C$8.09 and its 200 day moving average price is C$7.73. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67. The firm has a market cap of C$413.38 million, a price-to-earnings ratio of 8.47 and a beta of 1.19.
Insiders Place Their Bets
In other PHX Energy Services news, insider Michael Leslie Buker acquired 5,000 shares of the firm’s stock in a transaction on Thursday, November 27th. The stock was bought at an average cost of C$7.32 per share, for a total transaction of C$36,600.00. Following the completion of the purchase, the insider directly owned 311,100 shares in the company, valued at C$2,277,252. This represents a 1.63% increase in their ownership of the stock. 11.86% of the stock is currently owned by company insiders.
PHX Energy Services Company Profile
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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