PHX Energy Services (TSE:PHX) Insider Sells C$690,000.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 57,500 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of C$12.00, for a total value of C$690,000.00. Following the transaction, the insider owned 2,639,604 shares of the company’s stock, valued at approximately C$31,675,248. The trade was a 2.13% decrease in their ownership of the stock.

John Michael Hooks also recently made the following trade(s):

• On Wednesday, September 23rd, John Michael Hooks sold 128,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.00, for a total value of C$1,545,600.00.
• On Friday, September 18th, John Michael Hooks sold 100,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.15, for a total transaction of C$1,215,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.00, for a total transaction of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Stock Performance

Shares of PHX opened at C$12.07 on Friday. PHX Energy Services Corp. has a 12 month low of C$6.87 and a 12 month high of C$14.17. The firm has a fifty day simple moving average of C$11.97 and a 200 day simple moving average of C$11.77. The stock has a market capitalization of C$552.34 million, a price-to-earnings ratio of 12.71 and a beta of 1.30. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80.

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

About PHX Energy Services

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.