Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells 100,000 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 100,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$12.15, for a total value of C$1,215,000.00. Following the completion of the transaction, the insider directly owned 2,710,804 shares of the company’s stock, valued at approximately C$32,936,268.60. The trade was a 3.56% decrease in their ownership of the stock.

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

• 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 value of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.50, for a total value of C$326,250.00.

PHX Energy Services Price Performance

PHX Energy Services stock traded up C$0.05 during mid-day trading on Tuesday, hitting C$11.98. 97,888 shares of the company were exchanged, compared to its average volume of 180,884. The company has a market capitalization of C$548.22 million, a PE ratio of 12.61 and a beta of 1.30. The business has a fifty day moving average of C$11.86 and a 200 day moving average of C$11.77. PHX Energy Services Corp. has a 1-year low of C$6.87 and a 1-year high of C$14.17. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 40.80.

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

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.