PHX Energy Services (TSE:PHX) Stock Passes Above Two Hundred Day Moving Average of $8.59

PHX Energy Services Corp. (TSE:PHX) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.59 and traded as high as C$8.95. PHX Energy Services shares last traded at C$8.82, with a volume of 37,032 shares changing hands.

Wall Street Analyst Weigh In

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

PHX Energy Services Stock Down 0.3 %

The business has a 50-day moving average price of C$9.16 and a two-hundred day moving average price of C$8.59. The company has a quick ratio of 1.25, a current ratio of 1.83 and a debt-to-equity ratio of 21.32. The firm has a market cap of C$417.45 million, a PE ratio of 4.50 and a beta of 2.38.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.68 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.28. The business had revenue of C$165.33 million for the quarter, compared to analyst estimates of C$158.50 million. PHX Energy Services had a return on equity of 50.97% and a net margin of 15.02%. On average, equities research analysts expect that PHX Energy Services Corp. will post 1.2851296 EPS for the current year.

PHX Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.07%. PHX Energy Services’s payout ratio is currently 40.82%.

Insider Buying and Selling

In related news, Senior Officer Jeffery John Shafer sold 18,300 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$2.74, for a total transaction of C$50,142.00. In other PHX Energy Services news, Senior Officer John Michael Hooks sold 71,800 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of C$9.36, for a total value of C$672,048.00. Also, Senior Officer Jeffery John Shafer sold 18,300 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of C$2.74, for a total transaction of C$50,142.00. Over the last quarter, insiders sold 139,200 shares of company stock worth $1,162,762. Corporate insiders own 12.17% of the company’s stock.

PHX Energy Services Company Profile

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.