PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$26,495.31 in Stock

PHX Energy Services Corp. (TSE:PHXGet Rating) Senior Officer Cameron Michael Ritchie sold 4,300 shares of PHX Energy Services stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of C$6.16, for a total value of C$26,495.31. Following the transaction, the insider now directly owns 191,480 shares of the company’s stock, valued at approximately C$1,179,842.32.

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

  • On Tuesday, May 17th, Cameron Michael Ritchie sold 20,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$6.05, for a total value of C$121,000.00.
  • On Friday, March 18th, Cameron Michael Ritchie sold 64,121 shares of PHX Energy Services stock. The stock was sold at an average price of C$6.04, for a total value of C$387,419.08.

PHX traded up C$0.05 during midday trading on Friday, hitting C$6.43. The stock had a trading volume of 19,842 shares, compared to its average volume of 106,039. The company has a market cap of C$324.98 million and a P/E ratio of 24.17. The business has a fifty day moving average of C$6.55 and a 200 day moving average of C$5.56. The company has a debt-to-equity ratio of 28.95, a quick ratio of 1.10 and a current ratio of 1.58. PHX Energy Services Corp. has a 1 year low of C$3.74 and a 1 year high of C$7.50.

PHX Energy Services (TSE:PHXGet Rating) last issued its earnings results on Wednesday, February 23rd. The company reported C$0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.13 by C$0.04. The firm had revenue of C$105.43 million during the quarter, compared to analysts’ expectations of C$99.00 million. On average, equities research analysts anticipate that PHX Energy Services Corp. will post 0.87 earnings per share for the current year.

Several brokerages have recently commented on PHX. Stifel Nicolaus cut their price objective on PHX Energy Services from C$9.75 to C$9.50 in a report on Thursday, May 5th. BMO Capital Markets boosted their price objective on PHX Energy Services from C$9.00 to C$9.50 in a report 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.

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Insider Buying and Selling by Quarter for PHX Energy Services (TSE:PHX)

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