PHX Energy Services (TSE:PHX) Director Michael Leslie Buker Purchases 3,000 Shares of Company Stock

Key Points

• Director Michael Leslie Buker bought 3,000 PHX Energy shares at an average C$10.40 each, spending C$31,200 and increasing his stake by 0.89% to 339,600 shares. He also reportedly purchased another 2,000 shares that day for C$20,780.
• PHX Energy reported quarterly earnings of C$0.23 per share on revenue of C$204.18 million, with a net margin of 6.39% and return on equity of 20.96%.
• ATB Cormark Capital Markets downgraded the stock from “moderate buy” to “hold” and lowered its price target from C$15.50 to C$13.25; the consensus rating remains “Moderate Buy,” with a C$11.88 target.

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Director Michael Leslie Buker acquired 3,000 shares of PHX Energy Services stock in a transaction that occurred on Thursday, November 5th. The stock was bought at an average price of C$10.40 per share, for a total transaction of C$31,200.00. Following the completion of the acquisition, the director owned 339,600 shares in the company, valued at C$3,531,840. This trade represents a 0.89% increase in their position.

Michael Leslie Buker also recently made the following trade(s):

• On Thursday, November 5th, Michael Leslie Buker bought 2,000 shares of PHX Energy Services stock. The stock was bought at an average cost of C$10.39 per share, for a total transaction of C$20,780.00.
• On Tuesday, August 18th, Michael Leslie Buker sold 15,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$12.47, for a total transaction of C$187,050.00.

PHX Energy Services Trading Up 1.3%

PHX stock traded up C$0.13 during mid-day trading on Friday, hitting C$10.40. 256,564 shares of the company were exchanged, compared to its average volume of 180,437. PHX Energy Services Corp. has a 12-month low of C$6.87 and a 12-month high of C$14.17. The firm has a market capitalization of C$475.91 million, a P/E ratio of 10.95 and a beta of 1.40. The business has a fifty day simple moving average of C$12.56 and a 200-day simple moving average of C$11.51. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 12.26.

PHX Energy Services (TSE:PHX - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.23 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 6.39% and a return on equity of 20.96%. The business had revenue of C$204.18 million for the quarter. On average, equities research analysts predict that PHX Energy Services Corp. will post 1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets cut PHX Energy Services from a "moderate buy" rating to a "hold" rating and decreased their price target for the stock from C$15.50 to C$13.25 in a research note on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$11.88.

About PHX Energy Services

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.

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