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PHX Energy Services (TSE:PHX) Share Price Passes Below 200 Day Moving Average of $8.91

PHX Energy Services logo with Energy background

PHX Energy Services Corp. (TSE:PHX - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.91 and traded as low as C$8.88. PHX Energy Services shares last traded at C$9.20, with a volume of 104,878 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut their target price on PHX Energy Services from C$11.50 to C$11.00 in a research report on Wednesday, February 28th.

Get Our Latest Research Report on PHX Energy Services

PHX Energy Services Price Performance

The company has a debt-to-equity ratio of 20.04, a quick ratio of 1.25 and a current ratio of 1.74. The stock's 50 day moving average is C$8.94 and its two-hundred day moving average is C$8.91. The stock has a market capitalization of C$439.28 million, a PE ratio of 4.82 and a beta of 2.37.

PHX Energy Services (TSE:PHX - Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C$0.37 EPS for the quarter, beating analysts' consensus estimates of C$0.34 by C$0.03. PHX Energy Services had a return on equity of 45.23% and a net margin of 14.26%. The company had revenue of C$166.12 million for the quarter, compared to the consensus estimate of C$161.25 million. On average, equities analysts anticipate that PHX Energy Services Corp. will post 1.1799729 EPS for the current fiscal year.

PHX Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 8.65%. PHX Energy Services's dividend payout ratio is currently 41.88%.

Insider Buying and Selling at PHX Energy Services

In other PHX Energy Services news, insider PHX Energy Services Corp bought 317,600 shares of PHX Energy Services stock in a transaction on Thursday, May 30th. The shares were bought at an average price of C$8.74 per share, for a total transaction of C$2,775,824.00. In other PHX Energy Services news, Senior Officer John Michael Hooks sold 71,800 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of C$9.36, for a total transaction of C$672,048.00. Also, insider PHX Energy Services Corp bought 317,600 shares of PHX Energy Services stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of C$8.74 per share, for a total transaction of C$2,775,824.00. Insiders have acquired 326,125 shares of company stock worth $2,850,923 over the last quarter. 11.88% of the stock is currently owned by company insiders.

PHX Energy Services Company Profile

(Get Free Report)

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.

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