PHX Energy Services Corp. (TSE:PHX) Senior Officer Cameron Michael Ritchie Sells 22,400 Shares of Stock

PHX Energy Services Corp. (TSE:PHXGet Free Report) Senior Officer Cameron Michael Ritchie sold 22,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$9.00, for a total transaction of C$201,600.00.

PHX Energy Services Price Performance

PHX opened at C$8.97 on Thursday. The stock has a market cap of C$435.13 million, a P/E ratio of 5.16 and a beta of 2.35. PHX Energy Services Corp. has a 12 month low of C$5.58 and a 12 month high of C$9.11. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 28.07. The company has a fifty day simple moving average of C$7.71 and a 200 day simple moving average of C$7.05.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.15 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 6.69%. PHX Energy Services’s dividend payout ratio (DPR) is currently 34.48%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PHX shares. ATB Capital raised PHX Energy Services from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$10.00 to C$11.00 in a research note on Wednesday, August 9th. BMO Capital Markets increased their target price on PHX Energy Services from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Atb Cap Markets upgraded PHX Energy Services from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus upped their price target on PHX Energy Services from C$10.00 to C$12.50 in a research note on Wednesday, November 8th.

Read Our Latest Analysis on PHX

PHX Energy Services Company Profile

(Get Free Report)

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development companies in Canada, the United States, and internationally. It offers Velocity Real-Time Systems that provide downhole guidance systems; Atlas 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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