PHX Energy Services Corp. (TSE:PHX – Get Rating) Senior Officer John Michael Hooks sold 113,159 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of C$8.03, for a total transaction of C$908,666.77. Following the completion of the sale, the insider now directly owns 5,214,795 shares in the company, valued at C$41,874,803.85.
PHX Energy Services Trading Down 2.1 %
TSE PHX opened at C$7.80 on Tuesday. PHX Energy Services Corp. has a one year low of C$3.94 and a one year high of C$8.93. The company’s 50 day moving average price is C$7.08 and its 200 day moving average price is C$6.21. The company has a debt-to-equity ratio of 36.00, a quick ratio of 1.25 and a current ratio of 1.80. The firm has a market capitalization of C$396.30 million and a price-to-earnings ratio of 12.00.
Wall Street Analyst Weigh In
PHX has been the topic of several analyst reports. ATB Capital raised their price target on shares of PHX Energy Services from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Tuesday, September 13th. BMO Capital Markets raised their price target on shares of PHX Energy Services from C$10.00 to C$12.00 in a report on Tuesday, November 8th. Finally, Stifel Nicolaus raised their price target on shares of PHX Energy Services from C$11.00 to C$12.50 in a report on Tuesday, November 8th.
PHX Energy Services Company Profile
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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