PHX Energy Services (TSE:PHX) Stock Price Crosses Above Two Hundred Day Moving Average of $8.45

PHX Energy Services Corp. (TSE:PHXGet Free Report)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.45 and traded as high as C$9.22. PHX Energy Services shares last traded at C$9.13, with a volume of 94,081 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets cut their price objective on PHX Energy Services from C$11.50 to C$11.00 in a report on Wednesday, February 28th. ATB Capital boosted their price target on shares of PHX Energy Services from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus dropped their price objective on shares of PHX Energy Services from C$12.50 to C$11.50 and set a “buy” rating for the company in a report on Wednesday, January 10th.

Read Our Latest Research Report on PHX

PHX Energy Services Stock Performance

The stock has a 50 day moving average price of C$9.16 and a two-hundred day moving average price of C$8.45. The company has a debt-to-equity ratio of 21.32, a current ratio of 1.83 and a quick ratio of 1.25. The company has a market capitalization of C$432.12 million, a price-to-earnings ratio of 4.66 and a beta of 2.38.

PHX Energy Services (TSE:PHXGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.68 earnings per share for the quarter, beating the consensus estimate of C$0.40 by C$0.28. PHX Energy Services had a net margin of 15.02% and a return on equity of 50.97%. The firm had revenue of C$165.33 million during the quarter, compared to analysts’ expectations of C$158.50 million. On average, analysts predict that PHX Energy Services Corp. will post 1.2797784 EPS for the current fiscal year.

PHX Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 8.76%. The ex-dividend date is Wednesday, March 27th. PHX Energy Services’s dividend payout ratio is 40.82%.

Insider Activity

In other news, Senior Officer Craig Brown sold 28,600 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$9.01, for a total transaction of C$257,631.66. In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 10,000 shares of PHX Energy Services stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$8.97, for a total transaction of C$89,700.00. Also, Senior Officer Craig Brown sold 28,600 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$9.01, for a total value of C$257,631.66. In the last ninety days, insiders sold 67,400 shares of company stock valued at $490,714. Company insiders own 12.74% of the company’s stock.

PHX Energy Services Company Profile

(Get Free Report)

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development companies in Canada, the United States, and internationally. It offers Velocity Real-Time Systems that provide downhole guidance systems; Atlas 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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