PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$121,000.00 in Stock

PHX Energy Services Corp. (TSE:PHX – Get Rating) Senior Officer Cameron Michael Ritchie sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of C$6.05, for a total value of C$121,000.00. Following the transaction, the insider now owns 195,780 shares of the company’s stock, valued at C$1,184,469.

Cameron Michael Ritchie also recently made the following trade(s):

• On Friday, March 18th, Cameron Michael Ritchie sold 64,121 shares of PHX Energy Services stock. The shares were sold at an average price of C$6.04, for a total value of C$387,419.08.

TSE:PHX opened at C$6.25 on Wednesday. The company has a debt-to-equity ratio of 26.68, a quick ratio of 1.18 and a current ratio of 1.64. The stock’s fifty day moving average is C$6.56 and its 200 day moving average is C$5.51. PHX Energy Services Corp. has a fifty-two week low of C$3.66 and a fifty-two week high of C$7.50. The firm has a market capitalization of C$315.88 million and a PE ratio of 14.20.

PHX Energy Services (TSE:PHX – Get Rating) last released its earnings results on Wednesday, February 23rd. The company reported C$0.17 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.04. The business had revenue of C$105.43 million during the quarter, compared to analysts’ expectations of C$99.00 million. Equities analysts forecast that PHX Energy Services Corp. will post 0.86 EPS for the current year.

Several analysts recently weighed in on PHX shares. BMO Capital Markets increased their price target on PHX Energy Services from C$9.00 to C$9.50 in a report on Thursday, May 5th. Stifel Nicolaus decreased 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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