PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.85 and traded as low as C$8.02. PHX Energy Services shares last traded at C$8.12, with a volume of 32,346 shares.
Analyst Ratings Changes
Separately, ATB Capital reduced their price objective on shares of 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.
View Our Latest Stock Report on PHX
PHX Energy Services Trading Down 2.0%
The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25. The business has a 50 day moving average of C$8.01 and a 200 day moving average of C$8.84. The firm has a market capitalization of C$361.23 million, a price-to-earnings ratio of 4.98 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. Investors of record on Tuesday, April 15th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 10.10%. The ex-dividend date of this dividend was Monday, March 31st. PHX Energy Services's dividend payout ratio is currently 50.27%.
Insider Activity
In related news, Director Garrett Wright purchased 3,850 shares of PHX Energy Services stock in a transaction dated Friday, May 30th. The stock was bought at an average price of C$7.94 per share, for a total transaction of C$30,557.45. Also, Senior Officer John Michael Hooks sold 269,900 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of C$8.02, for a total transaction of C$2,164,598.00. Insiders sold 278,700 shares of company stock valued at $2,229,229 in the last quarter. Company insiders own 11.86% of the company's stock.
PHX Energy Services Company Profile
(
Get Free Report)
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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