PHX Energy Services (TSE:PHX) Insider Michael Leslie Buker Sells 5,000 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$11.80, for a total transaction of C$59,000.00. Following the transaction, the insider directly owned 326,100 shares in the company, valued at approximately C$3,847,980. This trade represents a 1.51% decrease in their ownership of the stock.

PHX Energy Services Stock Down 1.6%

Shares of PHX Energy Services stock opened at C$11.62 on Friday. PHX Energy Services Corp. has a twelve month low of C$6.87 and a twelve month high of C$14.17. The stock has a market cap of C$530.56 million, a price-to-earnings ratio of 13.06 and a beta of 1.35. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. The company has a fifty day moving average price of C$12.28 and a 200 day moving average price of C$9.70.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.20 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. The company had revenue of C$183.89 million during the quarter. Equities research analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PHX has been the subject of several recent analyst reports. ATB Cormark Capital Markets raised shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$8.00 to C$11.75 in a report on Wednesday, February 25th. BMO Capital Markets upped their target price on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$11.13.

About PHX Energy Services

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.