PHX Energy Services (TSE:PHX) Insider Jeffery John Shafer Sells 5,100 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) insider Jeffery John Shafer sold 5,100 shares of PHX Energy Services stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of C$13.98, for a total transaction of C$71,298.00. Following the sale, the insider owned 183,793 shares of the company’s stock, valued at approximately C$2,569,426.14. This represents a 2.70% decrease in their ownership of the stock.

Jeffery John Shafer also recently made the following trade(s):

• On Friday, March 27th, Jeffery John Shafer sold 1,200 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.70, for a total transaction of C$16,440.00.
• On Monday, March 30th, Jeffery John Shafer sold 20,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$13.70, for a total transaction of C$274,000.00.

PHX Energy Services Stock Performance

TSE:PHX opened at C$13.21 on Wednesday. PHX Energy Services Corp. has a fifty-two week low of C$6.64 and a fifty-two week high of C$14.17. 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 company has a 50 day moving average price of C$10.71 and a 200 day moving average price of C$8.66. The stock has a market capitalization of C$599.31 million, a P/E ratio of 11.69 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. PHX Energy Services had a return on equity of 24.11% and a net margin of 7.71%.The company had revenue of C$183.89 million for the quarter. Equities research analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

Analyst Upgrades and Downgrades

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

Key PHX Energy Services News

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.