PHX Energy Services Corp. (TSE:PHX – Get Free Report) Senior Officer Cameron Michael Ritchie sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of C$9.85, for a total transaction of C$492,250.00.
PHX Energy Services Stock Performance
Shares of TSE:PHX traded down C$0.10 during trading on Friday, hitting C$9.91. 22,301 shares of the stock traded hands, compared to its average volume of 77,927. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51. The company has a market cap of C$461.11 million, a price-to-earnings ratio of 5.47 and a beta of 2.32. The company has a fifty day moving average price of C$9.55 and a two-hundred day moving average price of C$9.43. PHX Energy Services Corp. has a 52-week low of C$7.91 and a 52-week high of C$10.70.
PHX Energy Services (TSE:PHX – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.06. The firm had revenue of C$154.23 million during the quarter, compared to analyst estimates of C$149.00 million. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. As a group, equities analysts predict that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.
PHX Energy Services Dividend Announcement
Analyst Upgrades and Downgrades
Separately, ATB Capital lowered their target price on shares of PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday.
Check Out Our Latest Stock Report on PHX
About PHX Energy Services
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.
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