PHX Energy Services Corp. (TSE:PHX) Senior Officer Jeffery John Shafer Sells 9,100 Shares of Stock

PHX Energy Services Corp. (TSE:PHXGet Rating) Senior Officer Jeffery John Shafer sold 9,100 shares of the stock in a transaction dated Monday, September 19th. The stock was sold at an average price of C$6.40, for a total transaction of C$58,240.00. Following the transaction, the insider now directly owns 383,793 shares in the company, valued at approximately C$2,456,275.20.

PHX Energy Services Stock Performance

Shares of TSE PHX opened at C$6.22 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 37.62. The firm’s 50-day moving average price is C$5.86 and its two-hundred day moving average price is C$6.04. PHX Energy Services Corp. has a 52-week low of C$3.94 and a 52-week high of C$7.50. The stock has a market capitalization of C$313.35 million and a P/E ratio of 13.52.

Wall Street Analyst Weigh In

PHX has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of PHX Energy Services from C$9.50 to C$11.00 in a research report on Wednesday, August 10th. ATB Capital increased their price target on shares of PHX Energy Services from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Finally, BMO Capital Markets increased their price target on shares of PHX Energy Services from C$9.50 to C$10.00 in a research report on Wednesday, August 10th.

PHX Energy Services Company Profile

(Get Rating)

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.

Further Reading

Insider Buying and Selling by Quarter for PHX Energy Services (TSE:PHX)

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