PHX Energy Services (TSE:PHX) Releases Quarterly Earnings Results

PHX Energy Services (TSE:PHX) posted its quarterly earnings results on Tuesday. The company reported C$0.21 EPS for the quarter, FiscalAI reports. PHX Energy Services had a return on equity of 19.38% and a net margin of 6.21%.The business had revenue of C$178.91 million for the quarter.

PHX Energy Services Price Performance

Shares of PHX stock opened at C$11.22 on Thursday. The company has a debt-to-equity ratio of 41.56, a current ratio of 1.92 and a quick ratio of 1.25. The firm’s 50-day moving average is C$10.79 and its two-hundred day moving average is C$10.98. PHX Energy Services has a 12 month low of C$6.87 and a 12 month high of C$14.17. The company has a market capitalization of C$512.29 million, a PE ratio of 12.61 and a beta of 1.07.

Insiders Place Their Bets

In other news, insider Michael Leslie Buker sold 30,000 shares of the 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 value of C$353,700.00. Following the completion of the sale, the insider owned 326,100 shares of the company’s stock, valued at C$3,844,719. This represents a 8.42% decrease in their position. 11.86% of the stock is owned by insiders.

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.