PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks Sells 71,800 Shares

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer John Michael Hooks sold 71,800 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of C$9.36, for a total value of C$672,048.00.

PHX Energy Services Price Performance

PHX traded up C$0.20 during trading on Wednesday, hitting C$9.65. 121,410 shares of the company traded hands, compared to its average volume of 78,931. The company has a market cap of C$456.73 million, a PE ratio of 4.92 and a beta of 2.38. PHX Energy Services Corp. has a 1 year low of C$5.58 and a 1 year high of C$9.78. The company has a current ratio of 1.83, a quick ratio of 1.25 and a debt-to-equity ratio of 21.32. The stock's 50-day simple moving average is C$9.17 and its two-hundred day simple moving average is C$8.50.

PHX Energy Services (TSE:PHX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported C$0.68 earnings per share for the quarter, beating analysts' consensus estimates of C$0.40 by C$0.28. The firm had revenue of C$165.33 million during the quarter, compared to analyst estimates of C$158.50 million. PHX Energy Services had a return on equity of 50.97% and a net margin of 15.02%. As a group, sell-side analysts anticipate that PHX Energy Services Corp. will post 1.9574468 earnings per share for the current fiscal year.

PHX Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend is Wednesday, March 27th. PHX Energy Services's payout ratio is 40.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PHX shares. Stifel Nicolaus lowered their target price on PHX Energy Services from C$12.50 to C$11.50 and set a "buy" rating on the stock in a research report on Wednesday, January 10th. ATB Capital raised their price objective on PHX Energy Services from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Finally, BMO Capital Markets cut their price objective on PHX Energy Services from C$11.50 to C$11.00 in a research note on Wednesday, February 28th.

About PHX Energy Services

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.