Insider Selling: PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$533,998.85 in Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 58,300 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$9.16, for a total value of C$533,998.85.

PHX Energy Services Trading Down 1.2 %

Shares of PHX Energy Services stock opened at C$9.04 on Monday. The company has a market cap of C$420.63 million, a price-to-earnings ratio of 4.94 and a beta of 2.35. The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51. PHX Energy Services Corp. has a 12-month low of C$7.00 and a 12-month high of C$10.70. The company’s 50-day moving average price is C$9.84 and its 200-day moving average price is C$9.35.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.06. The firm had revenue of C$154.23 million during the quarter, compared to analysts’ expectations of C$149.00 million. PHX Energy Services had a return on equity of 42.04% and a net margin of 13.50%.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date is Friday, September 27th. PHX Energy Services’s payout ratio is currently 43.72%.

Wall Street Analysts Forecast Growth

Separately, ATB Capital increased their target price on PHX Energy Services from C$11.75 to C$12.25 in a research report on Thursday, August 8th.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.