Michael Leslie Buker Sells 5,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 5,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$11.80, for a total transaction of C$59,000.00. Following the completion of the sale, the insider directly owned 326,100 shares in the company, valued at approximately C$3,847,980. This trade represents a 1.51% decrease in their position.

PHX Energy Services Stock Up 2.4%

PHX stock opened at C$11.90 on Friday. The firm’s 50-day simple moving average is C$12.26 and its 200 day simple moving average is C$9.71. The stock has a market cap of C$543.34 million, a PE ratio of 13.37 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56. PHX Energy Services Corp. has a fifty-two week low of C$6.87 and a fifty-two week high of C$14.17.

PHX Energy Services (TSE:PHX) last announced its earnings results on Tuesday, May 5th. The company reported C$0.20 earnings per share (EPS) for the quarter. The firm had revenue of C$183.89 million during the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. As a group, sell-side analysts predict that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

Analysts Set New Price Targets

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