Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells C$16,440.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider Jeffery John Shafer sold 1,200 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$13.70, for a total value of C$16,440.00. Following the completion of the sale, the insider directly owned 183,793 shares in the company, valued at C$2,517,964.10. This represents a 0.65% decrease in their position.

Jeffery John Shafer also recently made the following trade(s):

• On Thursday, March 26th, Jeffery John Shafer sold 5,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.98, for a total value of C$71,298.00.
• On Monday, March 30th, Jeffery John Shafer sold 20,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$13.70, for a total value of C$274,000.00.

PHX Energy Services Price Performance

Shares of PHX Energy Services stock opened at C$12.46 on Friday. 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 current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 29.22. The stock has a market cap of C$565.29 million, a PE ratio of 11.03 and a beta of 1.73. The company’s 50-day moving average price is C$10.88 and its two-hundred day moving average price is C$8.71.

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

Analyst Ratings Changes

A number of analysts recently weighed in on PHX shares. BMO Capital Markets raised their target price on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$8.00 to C$11.75 in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.