PHX Energy Services (TSE:PHX) Insider John Michael Hooks Sells 57,500 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 57,500 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of C$12.00, for a total value of C$690,000.00. Following the sale, the insider owned 2,639,604 shares in the company, valued at C$31,675,248. This represents a 2.13% decrease in their position.

John Michael Hooks also recently made the following trade(s):

• On Friday, September 18th, John Michael Hooks sold 100,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.15, for a total value of C$1,215,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.00, for a total value of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.50, for a total value of C$326,250.00.

PHX Energy Services Trading Up 0.3%

TSE PHX traded up C$0.04 during trading hours on Wednesday, reaching C$12.00. The company’s stock had a trading volume of 140,153 shares, compared to its average volume of 180,784. The firm has a fifty day simple moving average of C$11.88 and a 200-day simple moving average of C$11.77. The company has a debt-to-equity ratio of 40.80, a current ratio of 2.07 and a quick ratio of 1.25. PHX Energy Services Corp. has a 52 week low of C$6.87 and a 52 week high of C$14.17. The stock has a market cap of C$549.13 million, a P/E ratio of 12.63 and a beta of 1.30.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. The firm had revenue of C$178.91 million during the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. Equities analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

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.