PHX Energy Services (TSE:PHX) Announces Earnings Results

PHX Energy Services (TSE:PHX) issued its quarterly earnings results on Tuesday. The company reported C$0.21 EPS for the quarter, FiscalAI reports. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. The business had revenue of C$178.91 million for the quarter.

PHX Energy Services Trading Up 2.6%

Shares of TSE:PHX traded up C$0.28 during midday trading on Tuesday, reaching C$10.92. The company’s stock had a trading volume of 111,876 shares, compared to its average volume of 194,310. The firm has a market capitalization of C$498.60 million, a price-to-earnings ratio of 12.27 and a beta of 1.10. The company has a debt-to-equity ratio of 41.56, a quick ratio of 1.25 and a current ratio of 1.92. The firm has a 50 day moving average price of C$10.79 and a two-hundred day moving average price of C$10.93. PHX Energy Services has a fifty-two week low of C$6.87 and a fifty-two week high of C$14.17.

Insider Activity at PHX Energy Services

In related news, insider Michael Leslie Buker sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the completion of the sale, the insider owned 326,100 shares of the company’s stock, valued at C$3,844,719. This trade represents a 8.42% decrease in their ownership of the stock. Also, insider Cameron Michael Ritchie sold 16,666 shares of PHX Energy Services stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of C$11.33, for a total value of C$188,825.78. Following the completion of the sale, the insider owned 100,000 shares of the company’s stock, valued at approximately C$1,133,000. The trade was a 14.29% decrease in their ownership of the stock. Insiders have sold 132,166 shares of company stock valued at $1,515,354 in the last ninety days. 11.86% of the stock is currently owned by insiders.

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.