John Michael Hooks Sells 80,500 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer John Michael Hooks sold 80,500 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$8.00, for a total transaction of C$644,193.20.

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

• 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 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 Price Performance

TSE PHX remained flat at C$7.99 during trading hours on Friday. 38,445 shares of the company were exchanged, compared to its average volume of 74,752. The company's 50 day simple moving average is C$7.88 and its two-hundred day simple moving average is C$8.76. The company has a debt-to-equity ratio of 25.99, a quick ratio of 1.25 and a current ratio of 1.67. 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 capitalization of C$364.42 million, a PE ratio of 5.02 and a beta of 2.32.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 10.01%. PHX Energy Services's dividend payout ratio (DPR) is presently 50.27%.

Wall Street Analysts Forecast Growth

Separately, ATB Capital dropped 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 research report on Monday, May 5th.

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.