PHX Energy Services (TSE:PHX) Insider Craig Brown Sells 50,000 Shares

PHX Energy Services Corp. (TSE:PHX) insider Craig Brown sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of C$13.75, for a total value of C$687,500.00. Following the sale, the insider owned 129,633 shares of the company’s stock, valued at approximately C$1,782,453.75. This trade represents a 27.83% decrease in their position.

PHX Energy Services Stock Down 2.1%

PHX traded down C$0.28 during trading on Tuesday, hitting C$13.16. The company had a trading volume of 348,383 shares, compared to its average volume of 244,514. The company has a market cap of C$597.04 million, a PE ratio of 11.65 and a beta of 1.73. The business has a 50-day moving average of C$10.60 and a 200-day moving average of C$8.62. The company has a debt-to-equity ratio of 29.22, a current ratio of 1.88 and a quick ratio of 1.25. PHX Energy Services Corp. has a 1-year low of C$6.64 and a 1-year high of C$14.17.

PHX Energy Services (TSE:PHX) last announced 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, analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets upgraded PHX Energy Services from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$8.00 to C$11.75 in a report on Wednesday, February 25th. BMO Capital Markets lifted their price objective 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. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$11.13.

PHX Energy Services News Roundup

Here are the key news stories impacting PHX Energy Services this week:

• Negative Sentiment: Multiple insiders sold material blocks: Craig Brown sold 50,000 shares (≈C$687,500, a 27.83% cut to his stake) and director David Raines sold 8,333 shares (≈C$113,162, a 23.16% stake reduction). Large, concentrated disposals from insiders can be perceived negatively by the market. Insider Selling: PHX Energy Services (TSE:PHX) Director Sells
• Negative Sentiment: Jeffery John Shafer executed several sales over the week totaling 26,300 shares (~C$361,738 in proceeds across trades on Mar 26, 27 and 30), representing a ~9.8% reduction from his prior holdings — another sign of insider distribution rather than accumulation.
• Negative Sentiment: Director Myron A. Tetreault sold a series of smaller tranches (total 13,000 shares, ≈C$177k) across Mar 30–31, reducing his holding by over 33% to 10,000 shares — notable percentage cuts even if dollar amounts are smaller.
• Negative Sentiment: Collectively these disposals (≈C$1.34M) increase supply and may amplify downward pressure given today’s weaker price action and higher-than-average volume; while insider selling can be for personal/liquidity reasons, the size and timing raise market concern.

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.