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

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer John Michael Hooks sold 212,000 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$8.77, for a total value 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 stock was 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 stock was 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 value of C$23,103.08.
• On Wednesday, May 14th, John Michael Hooks sold 269,900 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.02, for a total value of C$2,164,598.00.

PHX Energy Services Stock Up 0.3%

Shares of PHX traded up C$0.03 during midday trading on Friday, hitting C$8.81. 267,623 shares of the company's stock traded hands, compared to its average volume of 82,854. PHX Energy Services Corp. has a 1 year low of C$6.64 and a 1 year high of C$10.70. The firm's fifty day moving average is C$8.00 and its 200-day moving average is C$8.70. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The stock has a market capitalization of C$401.82 million, a price-to-earnings ratio of 5.54 and a beta of 2.32.

PHX Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.08%. PHX Energy Services's payout ratio is currently 50.27%.

Analyst Upgrades and Downgrades

Separately, ATB Capital lowered their target price 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.

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