PHX Energy Services Corp. (TSE:PHX) Director Garrett Wright Purchases 3,850 Shares

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Director Garrett Wright bought 3,850 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average price of C$7.94 per share, for a total transaction of C$30,557.45.

PHX Energy Services Stock Performance

TSE:PHX traded down C$0.16 during trading hours on Friday, reaching C$7.92. The company had a trading volume of 104,610 shares, compared to its average volume of 72,905. PHX Energy Services Corp. has a 1-year low of C$6.64 and a 1-year high of C$10.70. The firm has a market cap of C$361.23 million, a PE ratio of 4.98 and a beta of 2.32. The business's 50 day moving average price is C$7.98 and its 200-day moving average price is C$8.82. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25.

PHX Energy Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 10.10%. The ex-dividend date of this dividend was Monday, March 31st. PHX Energy Services's payout ratio is 50.27%.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their price target on 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.

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.