PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$200,250.00 in Stock

PHX Energy Services Corp. (TSE:PHXGet Rating) Senior Officer Jeffery John Shafer sold 25,000 shares of PHX Energy Services stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of C$8.01, for a total transaction of C$200,250.00. Following the transaction, the insider now directly owns 383,793 shares in the company, valued at C$3,074,181.93.

PHX Energy Services Price Performance

Shares of TSE:PHX opened at C$8.30 on Friday. The company’s 50-day moving average is C$7.79 and its 200 day moving average is C$6.78. The company has a debt-to-equity ratio of 36.00, a quick ratio of 1.25 and a current ratio of 1.80. The company has a market capitalization of C$421.70 million and a P/E ratio of 12.77. PHX Energy Services Corp. has a fifty-two week low of C$3.94 and a fifty-two week high of C$8.93.

PHX Energy Services (TSE:PHXGet Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported C$0.27 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.05. The company had revenue of C$142.42 million during the quarter, compared to analysts’ expectations of C$143.00 million. On average, equities research analysts forecast that PHX Energy Services Corp. will post 1.4638221 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. BMO Capital Markets lifted their price objective on shares of PHX Energy Services from C$10.00 to C$12.00 in a report on Tuesday, November 8th. Stifel Nicolaus boosted their price target on shares of PHX Energy Services from C$11.00 to C$12.50 in a report on Tuesday, November 8th.

PHX Energy Services Company Profile

(Get Rating)

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.

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