PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks Sells 58,300 Shares

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

PHX Energy Services Stock Performance

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. PHX Energy Services Corp. has a 52 week low of C$7.00 and a 52 week high of C$10.70. The firm has a fifty day moving average of C$9.84 and a 200-day moving average of C$9.35. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings data 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. PHX Energy Services had a return on equity of 42.04% and a net margin of 13.50%. The firm had revenue of C$154.23 million during the quarter, compared to the consensus estimate of C$149.00 million.

PHX Energy Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, September 27th. PHX Energy Services’s dividend payout ratio (DPR) is presently 43.72%.

Analysts Set New Price Targets

Separately, ATB Capital increased their target price on shares of PHX Energy Services from C$11.75 to C$12.25 in a 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.