PHX Energy Services (TSE:PHX) Shares Cross Above 200 Day Moving Average of $8.67

PHX Energy Services Corp. (TSE:PHX) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.67 and traded as high as C$9.18. PHX Energy Services shares last traded at C$9.13, with a volume of 64,020 shares changing hands.

Analysts Set New Price Targets

PHX has been the topic of a number of analyst reports. BMO Capital Markets lowered their price objective on PHX Energy Services from C$11.50 to C$11.00 in a report on Wednesday, February 28th. Stifel Nicolaus decreased their price target on PHX Energy Services from C$12.50 to C$11.50 and set a “buy” rating on the stock in a research note on Wednesday, January 10th. Finally, ATB Capital boosted their price target on PHX Energy Services from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th.

PHX Energy Services Price Performance

The company has a debt-to-equity ratio of 21.32, a quick ratio of 1.25 and a current ratio of 1.83. The stock has a market capitalization of C$432.12 million, a price-to-earnings ratio of 4.66 and a beta of 2.38. The company has a 50-day moving average of C$9.15 and a 200-day moving average of C$8.67.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results 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. The company had revenue of C$165.33 million during the quarter, compared to the consensus estimate of C$158.50 million. PHX Energy Services had a return on equity of 50.97% and a net margin of 15.02%. As a group, equities research analysts expect that PHX Energy Services Corp. will post 1.2851296 earnings per share for the current fiscal year.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 8.76%. PHX Energy Services’s dividend payout ratio (DPR) is presently 40.82%.

Insider Buying and Selling at PHX Energy Services

In other news, Senior Officer Michael Leslie Buker sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$8.97, for a total transaction of C$89,700.00. 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. Also, Senior Officer Michael Leslie Buker sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$8.97, for a total value of C$89,700.00. In the last three months, insiders sold 139,200 shares of company stock worth $1,162,762. 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.