Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells C$274,000.00 in Stock
by Kim Johansen · The Markets DailyPHX Energy Services Corp. (TSE:PHX – Get Free Report) insider Jeffery John Shafer sold 20,000 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of C$13.70, for a total value of C$274,000.00. Following the sale, the insider directly owned 183,793 shares of the company’s stock, valued at approximately C$2,517,964.10. This represents a 9.81% decrease in their ownership of the stock.
Jeffery John Shafer also recently made the following trade(s):
- On Thursday, March 26th, Jeffery John Shafer sold 5,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.98, for a total transaction of C$71,298.00.
- On Friday, March 27th, Jeffery John Shafer sold 1,200 shares of PHX Energy Services stock. The stock was sold at an average price of C$13.70, for a total transaction of C$16,440.00.
PHX Energy Services Stock Performance
Shares of PHX stock opened at C$12.46 on Friday. The company has a debt-to-equity ratio of 29.22, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market cap of C$565.29 million, a price-to-earnings ratio of 11.03 and a beta of 1.73. PHX Energy Services Corp. has a 52 week low of C$6.64 and a 52 week high of C$14.17. The firm’s 50-day simple moving average is C$10.88 and its two-hundred day simple moving average is C$8.71.
PHX Energy Services (TSE:PHX – Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported C$0.35 earnings per share for the quarter. The firm had revenue of C$183.89 million during the quarter. PHX Energy Services had a net margin of 7.71% and a return on equity of 24.11%. As a group, equities analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have issued reports on PHX shares. BMO Capital Markets raised their target price on PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$11.13.
Check Out Our Latest Stock Analysis on PHX Energy Services
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.