Myron Arthur Tetreault Sells 6,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Director Myron Arthur Tetreault sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$13.69, for a total value of C$82,140.00. Following the sale, the director owned 28,000 shares of the company’s stock, valued at C$383,320. The trade was a 17.65% decrease in their ownership of the stock.

PHX Energy Services Stock Performance

TSE:PHX remained flat at C$13.67 on Friday. The company’s stock had a trading volume of 119,404 shares, compared to its average volume of 238,675. The firm has a market capitalization of C$620.18 million, a P/E ratio of 12.10 and a beta of 1.73. PHX Energy Services Corp. has a 52 week low of C$6.64 and a 52 week high of C$14.17. The company has a debt-to-equity ratio of 29.22, a quick ratio of 1.25 and a current ratio of 1.88. The firm’s 50-day simple moving average is C$10.37 and its 200-day simple moving average is C$8.52.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.35 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 7.71% and a return on equity of 24.11%. The business had revenue of C$183.89 million during the quarter. On average, research analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PHX. ATB Cormark Capital Markets upgraded shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$8.00 to C$11.75 in a report on Wednesday, February 25th. BMO Capital Markets lifted their price objective on PHX Energy Services from C$8.50 to C$10.50 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, PHX Energy Services currently has an average rating of “Buy” and a consensus price target of C$11.13.

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.