PHX Energy Services Corp. (TSE:PHX) Senior Officer Purchases C$30,750.00 in Stock

PHX Energy Services Corp. (TSE:PHXGet Rating) Senior Officer Michael Leslie Buker acquired 5,000 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was bought at an average price of C$6.15 per share, with a total value of C$30,750.00. Following the acquisition, the insider now directly owns 214,100 shares in the company, valued at C$1,316,715.

Michael Leslie Buker also recently made the following trade(s):

  • On Friday, March 25th, Michael Leslie Buker sold 40,200 shares of PHX Energy Services stock. The stock was sold at an average price of C$6.20, for a total value of C$249,123.42.
  • On Wednesday, March 23rd, Michael Leslie Buker sold 60,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$6.10, for a total value of C$366,000.00.

Shares of TSE:PHX traded up C$0.07 during trading on Tuesday, reaching C$6.01. 193,440 shares of the stock were exchanged, compared to its average volume of 108,085. PHX Energy Services Corp. has a 12 month low of C$3.44 and a 12 month high of C$7.50. The firm has a market cap of C$303.75 million and a PE ratio of 13.50. The stock has a 50-day moving average price of C$6.58 and a 200-day moving average price of C$5.47. The company has a current ratio of 1.64, a quick ratio of 1.18 and a debt-to-equity ratio of 26.68.

PHX Energy Services (TSE:PHXGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The company reported C$0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.04. The firm had revenue of C$105.43 million for the quarter, compared to the consensus estimate of C$99.00 million. On average, sell-side analysts expect that PHX Energy Services Corp. will post 0.86 earnings per share for the current fiscal year.

PHX has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on PHX Energy Services from C$9.00 to C$9.50 in a report on Thursday, May 5th. Stifel Nicolaus reduced their price target on PHX Energy Services from C$9.75 to C$9.50 in a report on Thursday, May 5th.

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.

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