Insider Selling: PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells 25,800 Shares of Stock

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer John Michael Hooks sold 25,800 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of C$8.88, for a total transaction of C$229,145.28.

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

• On Thursday, June 26th, John Michael Hooks sold 226,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.26, for a total value of C$1,873,458.72.
• On Friday, June 20th, John Michael Hooks sold 212,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.77, for a total value of C$1,860,003.20.
• 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 shares were sold at an average price of C$8.04, for a total transaction 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 transaction 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 transaction of C$1,120,310.32.
• On Friday, May 16th, John Michael Hooks sold 2,800 shares of PHX Energy Services stock. The stock was 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 shares were sold at an average price of C$8.02, for a total transaction of C$2,164,598.00.

PHX Energy Services Stock Performance

Shares of PHX Energy Services stock traded down C$0.01 on Friday, reaching C$8.25. 216,785 shares of the company traded hands, compared to its average volume of 85,932. The company has a 50 day moving average of C$8.08 and a 200 day moving average of C$8.66. 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 Corp. has a 52 week low of C$6.64 and a 52 week high of C$10.70. The firm has a market capitalization of C$376.28 million, a PE ratio of 5.18 and a beta of 2.32.

PHX Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 9.70%. The ex-dividend date of this dividend was Monday, March 31st. PHX Energy Services's dividend payout ratio (DPR) is 50.27%.

Analyst Upgrades and Downgrades

Separately, ATB Capital dropped their price objective on PHX Energy Services from C$12.00 to C$11.50 and set an "outperform" rating on the stock in a research note 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.