Key Points
- Director sold 6,000 shares — Myron Arthur Tetreault sold 6,000 PHX shares at C$13.69 on March 27 for C$82,140, reducing his holdings by 17.65% to 28,000 shares (≈C$383,320).
- Recent results and fundamentals: PHX reported quarterly EPS of C$0.35 on C$183.89M revenue, with a net margin of 7.71% and ROE of 24.11%; the stock trades at a P/E of 12.06 and a market cap of C$618.37M with a 52‑week range of C$6.64–C$14.17.
- Analyst sentiment has improved — recent upgrades from ATB Cormark and BMO moved ratings to "moderate buy"/"outperform," and the consensus rating is Buy with an average target of C$11.13.
PHX Energy Services Corp. (TSE:PHX - Get Free Report) Director Myron Arthur Tetreault sold 6,000 shares of the company's stock in a transaction on Friday, March 27th. The shares were sold at an average price of C$13.69, for a total value of C$82,140.00. Following the sale, the director owned 28,000 shares of the company's stock, valued at approximately C$383,320. The trade was a 17.65% decrease in their ownership of the stock.
PHX Energy Services Stock Down 0.3%
Shares of TSE PHX opened at C$13.63 on Friday. The stock has a market capitalization of C$618.37 million, a P/E ratio of 12.06 and a beta of 1.73. The stock's fifty day moving average is C$10.49 and its 200 day moving average is C$8.56. PHX Energy Services Corp. has a 52 week low of C$6.64 and a 52 week high of C$14.17. The company has a debt-to-equity ratio of 29.22, a quick ratio of 1.25 and a current ratio of 1.88.
PHX Energy Services (TSE:PHX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$183.89 million during the quarter. PHX Energy Services had a net margin of 7.71% and a return on equity of 24.11%. Sell-side analysts forecast that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. ATB Cormark Capital Markets upgraded shares of PHX Energy Services from a "hold" rating to a "moderate buy" rating and increased their price target for the stock from C$8.00 to C$11.75 in a research report on Wednesday, February 25th. BMO Capital Markets boosted their price objective on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the company an "outperform" rating in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, PHX Energy Services presently has an average rating of "Buy" and an average target price of C$11.13.
Check Out Our Latest Analysis on PHX Energy Services
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. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.
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