Insider Buying: PHX Energy Services (TSE:PHX) Director Acquires C$31,200.00 in Stock

PHX Energy Services Corp. (TSE:PHX) Director Michael Leslie Buker bought 3,000 shares of PHX Energy Services stock in a transaction on Thursday, November 5th. The shares were acquired at an average price of C$10.40 per share, for a total transaction of C$31,200.00. Following the completion of the acquisition, the director owned 339,600 shares in the company, valued at C$3,531,840. This represents a 0.89% increase in their ownership of the stock.

Michael Leslie Buker also recently made the following trade(s):

• On Thursday, November 5th, Michael Leslie Buker purchased 2,000 shares of PHX Energy Services stock. The stock was acquired at an average cost of C$10.39 per share, with a total value of C$20,780.00.
• On Tuesday, August 18th, Michael Leslie Buker sold 15,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.47, for a total transaction of C$187,050.00.

PHX Energy Services Stock Up 1.3%

Shares of TSE:PHX traded up C$0.13 during trading on Friday, hitting C$10.40. The company’s stock had a trading volume of 256,564 shares, compared to its average volume of 180,437. The business has a 50 day moving average price of C$12.56 and a two-hundred day moving average price of C$11.51. The company has a market capitalization of C$475.91 million, a PE ratio of 10.95 and a beta of 1.40. The company has a debt-to-equity ratio of 12.26, a quick ratio of 1.25 and a current ratio of 1.88. 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 posted its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$204.18 million for the quarter. PHX Energy Services had a return on equity of 20.96% and a net margin of 6.39%. As a group, research analysts expect that PHX Energy Services Corp. will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets downgraded PHX Energy Services from a “moderate buy” rating to a “hold” rating and cut their price target for the stock from C$15.50 to C$13.25 in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$11.88.

PHX Energy Services Company Profile

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.