Insider Selling: PHX Energy Services (TSE:PHX) Director Sells C$82,140.00 in Stock

PHX Energy Services Corp. (TSE:PHX) Director Myron Arthur Tetreault sold 6,000 shares of PHX Energy Services stock in a transaction that occurred 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 sale, the director directly owned 28,000 shares in the company, valued at C$383,320. The trade was a 17.65% decrease in their position.

PHX Energy Services Stock Performance

PHX opened at C$13.63 on Monday. The stock’s 50 day simple moving average is C$10.49 and its 200-day simple moving average is C$8.57. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 29.22. 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 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 earnings results on Wednesday, February 25th. The company reported C$0.35 EPS for the quarter. PHX Energy Services had a return on equity of 24.11% and a net margin of 7.71%.The firm had revenue of C$183.89 million during the quarter. Sell-side analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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. 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.