John Michael Hooks Sells 212,000 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 212,000 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of C$8.77, for a total transaction of C$1,860,003.20.

John Michael Hooks also recently made the following trade(s):

• On Thursday, June 19th, John Michael Hooks sold 19,900 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.87, for a total value of C$176,415.49.
• On Tuesday, June 10th, John Michael Hooks sold 221,900 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.14, for a total value of C$1,805,666.87.
• On Monday, June 9th, John Michael Hooks sold 93,900 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.04, for a total value of C$755,378.55.
• On Thursday, June 5th, John Michael Hooks sold 80,500 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.00, for a total value of C$644,193.20.
• On Tuesday, June 3rd, John Michael Hooks sold 138,800 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.07, for a total value of C$1,120,310.32.
• On Friday, May 16th, John Michael Hooks sold 2,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.25, for a total transaction of C$23,103.08.
• On Wednesday, May 14th, John Michael Hooks sold 269,900 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.02, for a total transaction of C$2,164,598.00.

PHX Energy Services Price Performance

Shares of PHX opened at C$8.81 on Friday. The firm has a fifty day simple moving average of C$8.02 and a two-hundred day simple moving average of C$8.69. The firm has a market cap of C$401.82 million, a PE ratio of 5.54 and a beta of 2.32. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. PHX Energy Services Corp. has a 1-year low of C$6.64 and a 1-year high of C$10.70.

PHX Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date was Monday, March 31st. PHX Energy Services’s dividend payout ratio (DPR) is presently 50.27%.

Analyst Ratings Changes

Separately, ATB Capital decreased their price objective on shares of PHX Energy Services from C$12.00 to C$11.50 and set an “outperform” rating for the company in a report on Monday, May 5th.

About PHX Energy Services

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.