Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells C$353,700.00 in Stock

PHX Energy Services Corp. (TSE:PHX) insider Michael Leslie Buker sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the sale, the insider owned 326,100 shares in the company, valued at C$3,844,719. The trade was a 8.42% decrease in their ownership of the stock.

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

• On Wednesday, May 20th, Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$11.80, for a total transaction of C$59,000.00.

PHX Energy Services Stock Performance

Shares of PHX stock opened at C$10.91 on Thursday. The stock has a market capitalization of C$498.14 million, a P/E ratio of 12.26 and a beta of 1.35. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. The firm’s 50 day moving average is C$12.17 and its 200 day moving average is C$9.81. PHX Energy Services Corp. has a 12 month low of C$6.87 and a 12 month high of C$14.17.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$183.89 million for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. On average, sell-side analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. ATB Cormark Capital Markets raised shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$8.00 to C$11.75 in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, PHX Energy Services has an average rating of “Buy” and a consensus target price of C$11.13.

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.