PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.71 and traded as high as C$9.05. PHX Energy Services shares last traded at C$8.88, with a volume of 169,297 shares changing hands.
Analysts Set New Price Targets
Separately, ATB Capital decreased their price target 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.
Check Out Our Latest Research Report on PHX
PHX Energy Services Stock Performance
The company has a market cap of C$405.01 million, a P/E ratio of 5.58 and a beta of 2.32. 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 company has a 50 day moving average price of C$7.96 and a 200-day moving average price of C$8.71.
PHX Energy Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.01%. The ex-dividend date was Monday, March 31st. PHX Energy Services's dividend payout ratio (DPR) is presently 50.27%.
Insider Buying and Selling at PHX Energy Services
In related news, Senior Officer John Michael Hooks sold 269,900 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of C$8.02, for a total transaction of C$2,164,598.00. Also, Director Garrett Wright purchased 3,850 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average price of C$7.94 per share, with a total value of C$30,557.45. Over the last three months, insiders have sold 813,800 shares of company stock valued at $6,554,778. 11.86% of the stock is currently owned by company insiders.
About PHX Energy Services
(
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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