Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells 26,100 Shares

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 26,100 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$12.50, for a total transaction of C$326,250.00. Following the completion of the sale, the insider directly owned 2,817,604 shares in the company, valued at approximately C$35,220,050. This represents a 0.92% decrease in their position.

PHX Energy Services Stock Up 2.6%

TSE:PHX traded up C$0.32 on Tuesday, hitting C$12.62. 81,712 shares of the company’s stock were exchanged, compared to its average volume of 183,019. The firm has a 50-day moving average price of C$11.67 and a 200-day moving average price of C$11.75. PHX Energy Services Corp. has a 52 week low of C$6.87 and a 52 week high of C$14.17. The company has a debt-to-equity ratio of 40.80, a current ratio of 2.07 and a quick ratio of 1.25. The company has a market cap of C$577.50 million, a P/E ratio of 13.28 and a beta of 1.30.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. The firm had revenue of C$178.91 million for the quarter. As a group, analysts expect that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

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.