PHX Energy Services (TSE:PHX) Insider Craig Brown Sells 50,000 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider Craig Brown sold 50,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of C$13.75, for a total transaction of C$687,500.00. Following the sale, the insider owned 129,633 shares in the company, valued at approximately C$1,782,453.75. This trade represents a 27.83% decrease in their position.

PHX Energy Services Stock Down 1.7%

Shares of PHX Energy Services stock opened at C$13.21 on Wednesday. The company has a debt-to-equity ratio of 29.22, a current ratio of 1.88 and a quick ratio of 1.25. The company has a 50-day moving average of C$10.71 and a 200 day moving average of C$8.66. The firm has a market cap of C$599.31 million, a price-to-earnings ratio of 11.69 and a beta of 1.73. PHX Energy Services Corp. has a 1 year low of C$6.64 and a 1 year high of C$14.17.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$183.89 million during the quarter. PHX Energy Services had a net margin of 7.71% and a return on equity of 24.11%. As a group, sell-side analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PHX shares. BMO Capital Markets boosted their price target on PHX Energy Services from C$8.50 to C$10.50 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$11.13.

Trending Headlines about PHX Energy Services

Here are the key news stories impacting PHX Energy Services this week:

• Positive Sentiment: Recent company fundamentals remain solid: the firm reported C$0.35 EPS and ~C$183.9M revenue for the last quarter, with ROE ~24% and a P/E around 11.7 — metrics that support a constructive medium‑term outlook.
• Neutral Sentiment: Insider holdings remain material after the sales (examples: Jeffery Shafer still holds ~183,793 shares; Craig Brown ~129,633), so these sales appear to be reductions rather than full exits and may include planned diversification or liquidity needs.
• Neutral Sentiment: Sales occurred as the stock traded near its 12‑month high (C$14.17), which is consistent with routine profit‑taking rather than a company‑specific crisis.
• Negative Sentiment: Multiple insiders/directors sold across March 26–31, totaling roughly C$1.34M of stock (notable transactions: Craig Brown sold 50,000 shares for ~C$687,500; Jeffery Shafer sold ~26,300 shares across several transactions; Director David Raines sold 8,333 shares). Large, clustered insider selling often weighs on sentiment and likely contributed to the share price decline. Insider Selling: PHX Energy Services (TSE:PHX) Director Sells
• Negative Sentiment: Cumulative insider reductions include steep percentage cuts to individual positions (e.g., one director’s stake fell by ~27–33% through several trades), which can prompt short‑term selling pressure from other investors.

PHX Energy Services Company Profile

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.