Insider Buying: PHX Energy Services (TSE:PHX) Insider Buys 5,000 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker acquired 5,000 shares of PHX Energy Services stock in a transaction that occurred on Thursday, November 27th. The shares were purchased at an average price of C$7.32 per share, with a total value of C$36,600.00. Following the transaction, the insider owned 311,100 shares of the company’s stock, valued at C$2,277,252. The trade was a 1.63% increase in their position.

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

• On Tuesday, November 25th, Michael Leslie Buker purchased 5,000 shares of PHX Energy Services stock. The shares were purchased at an average price of C$2.64 per share, with a total value of C$13,200.00.
• On Tuesday, November 25th, Michael Leslie Buker sold 700 shares of PHX Energy Services stock. The shares were sold at an average price of C$7.22, for a total transaction of C$5,054.00.
• On Tuesday, November 25th, Michael Leslie Buker sold 1,200 shares of PHX Energy Services stock. The stock was sold at an average price of C$7.21, for a total transaction of C$8,652.00.
• On Tuesday, November 25th, Michael Leslie Buker sold 3,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$7.20, for a total transaction of C$22,320.00.

PHX Energy Services Stock Performance

PHX stock traded up C$0.06 during midday trading on Friday, reaching C$7.54. 131,033 shares of the company’s stock traded hands, compared to its average volume of 114,595. PHX Energy Services Corp. has a 52-week low of C$6.64 and a 52-week high of C$9.79. The stock has a market cap of C$340.64 million, a P/E ratio of 6.98 and a beta of 0.93. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The stock’s 50-day moving average is C$7.40 and its 200 day moving average is C$7.79.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, November 4th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$164.33 million during the quarter. PHX Energy Services had a return on equity of 34.01% and a net margin of 11.40%. As a group, analysts anticipate that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

Analyst Ratings Changes

PHX has been the subject of several analyst reports. ATB Capital lowered shares of PHX Energy Services from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$9.50 to C$8.50 in a report on Thursday, October 23rd. Atb Cap Markets lowered shares of PHX Energy Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$8.50.

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.