PHX Energy Services Corp. (TSE:PHX) Senior Officer Cameron Michael Ritchie Sells 50,000 Shares

PHX Energy Services Corp. (TSE:PHX) Senior Officer Cameron Michael Ritchie sold 50,000 shares of the 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 Down 0.6 %

Shares of TSE:PHX opened at C$9.95 on Friday. PHX Energy Services Corp. has a 1 year low of C$7.91 and a 1 year high of C$10.70. The company has a market capitalization of C$462.97 million, a PE ratio of 5.44 and a beta of 2.32. The business has a fifty day moving average price of C$9.55 and a two-hundred day moving average price of C$9.43. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25.

PHX Energy Services (TSE:PHX) last posted its quarterly 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 company 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%. Analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

PHX Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 8.04%. PHX Energy Services’s payout ratio is currently 43.72%.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their price objective on shares of PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday.

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.