Myron Arthur Tetreault Sells 6,000 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Director Myron Arthur Tetreault sold 6,000 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$13.69, for a total value of C$82,140.00. Following the completion of the transaction, the director owned 28,000 shares in the company, valued at approximately C$383,320. This trade represents a 17.65% decrease in their ownership of the stock.

PHX Energy Services Stock Down 0.3%

PHX Energy Services stock opened at C$13.63 on Friday. PHX Energy Services Corp. has a one year low of C$6.64 and a one year high of C$14.17. The stock has a fifty day moving average of C$10.49 and a 200 day moving average of C$8.57. The company has a debt-to-equity ratio of 29.22, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a market cap of C$618.37 million, a PE ratio of 12.06 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

PHX has been the subject of several recent research reports. ATB Cormark Capital Markets upgraded shares of PHX Energy Services from a “hold” rating to a “moderate buy” rating and boosted their target price for the company from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. BMO Capital Markets increased their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$11.13.

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.