Insider Buying: PHX Energy Services Corp. (TSE:PHX) Senior Officer Purchases 5,000 Shares of Stock

PHX Energy Services Corp. (TSE:PHXGet Rating) Senior Officer Michael Leslie Buker acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, May 11th. The stock was purchased at an average cost of C$6.17 per share, with a total value of C$30,850.00. Following the completion of the purchase, the insider now directly owns 268,700 shares of the company’s stock, valued at approximately C$1,657,879.

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

  • On Monday, May 9th, Michael Leslie Buker bought 5,000 shares of PHX Energy Services stock. The shares were bought at an average cost of C$6.15 per share, with a total value of C$30,750.00.
  • 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.

PHX opened at C$5.76 on Friday. The business has a 50 day moving average price of C$6.56 and a two-hundred day moving average price of C$5.48. The company has a quick ratio of 1.18, a current ratio of 1.64 and a debt-to-equity ratio of 26.68. The company has a market cap of C$291.12 million and a PE ratio of 13.09. PHX Energy Services Corp. has a 52 week low of C$3.44 and a 52 week high of C$7.50.

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

Several research analysts have recently issued reports on PHX shares. BMO Capital Markets upped their price objective on PHX Energy Services from C$9.00 to C$9.50 in a research report on Thursday, May 5th. Stifel Nicolaus reduced their price objective on PHX Energy Services from C$9.75 to C$9.50 in a research note on Thursday, May 5th.

About PHX Energy Services (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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