Key Points
- Jeffery John Shafer sold about 26,300 PHX shares across Mar 26–30 (including 1,200 on Mar 27 at C$13.70), trimming his position by 0.65% to 183,793 shares rather than exiting entirely.
- Multiple insiders also sold late March—total insider dispositions were roughly C$1.34M (e.g., Craig Brown ~50,000 shares, David Raines 8,333)—a cluster of sales that could pressure near‑term sentiment.
- Company fundamentals remain constructive: quarterly EPS C$0.35, revenue ~C$183.9M, ROE ~24% and a P/E ~11.7, and analysts have upgraded ratings and raised targets (average target ~C$11.13).
PHX Energy Services Corp. (TSE:PHX - Get Free Report) insider Jeffery John Shafer sold 1,200 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$13.70, for a total transaction of C$16,440.00. Following the completion of the transaction, the insider directly owned 183,793 shares of the company's stock, valued at C$2,517,964.10. This represents a 0.65% decrease in their position.
Jeffery John Shafer also recently made the following trade(s):
- On Thursday, March 26th, Jeffery John Shafer sold 5,100 shares of PHX Energy Services stock. The stock was sold at an average price of C$13.98, for a total transaction of C$71,298.00.
- On Monday, March 30th, Jeffery John Shafer sold 20,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$13.70, for a total transaction of C$274,000.00.
PHX Energy Services Price Performance
PHX opened at C$13.21 on Wednesday. The firm has a market capitalization of C$599.31 million, a P/E ratio of 11.69 and a beta of 1.73. The stock has a fifty day moving average of C$10.71 and a 200-day moving average of C$8.66. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 29.22. PHX Energy Services Corp. has a 12-month low of C$6.64 and a 12-month high of C$14.17.
PHX Energy Services (TSE:PHX - Get Free Report) last issued its quarterly earnings results 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 for the quarter. PHX Energy Services had a return on equity of 24.11% and a net margin of 7.71%. Equities analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.
PHX Energy Services News Summary
Here are the key news stories impacting PHX Energy Services this week:
- Positive Sentiment: Recent company fundamentals remain solid: the firm reported C$0.35 EPS and ~C$183.9M revenue for the last quarter, with ROE ~24% and a P/E around 11.7 — metrics that support a constructive medium‑term outlook.
- Neutral Sentiment: Insider holdings remain material after the sales (examples: Jeffery Shafer still holds ~183,793 shares; Craig Brown ~129,633), so these sales appear to be reductions rather than full exits and may include planned diversification or liquidity needs.
- Neutral Sentiment: Sales occurred as the stock traded near its 12‑month high (C$14.17), which is consistent with routine profit‑taking rather than a company‑specific crisis.
- Negative Sentiment: Multiple insiders/directors sold across March 26–31, totaling roughly C$1.34M of stock (notable transactions: Craig Brown sold 50,000 shares for ~C$687,500; Jeffery Shafer sold ~26,300 shares across several transactions; Director David Raines sold 8,333 shares). Large, clustered insider selling often weighs on sentiment and likely contributed to the share price decline. Insider Selling: PHX Energy Services (TSE:PHX) Director Sells
- Negative Sentiment: Cumulative insider reductions include steep percentage cuts to individual positions (e.g., one director’s stake fell by ~27–33% through several trades), which can prompt short‑term selling pressure from other investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on PHX shares. ATB Cormark Capital Markets raised PHX Energy Services from a "hold" rating to a "moderate buy" rating and lifted their target price for the company from C$8.00 to C$11.75 in a research note on Wednesday, February 25th. BMO Capital Markets increased their price target on shares of PHX Energy Services from C$8.50 to C$10.50 and gave the stock an "outperform" rating in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$11.13.
Check Out Our Latest Report on PHX
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.
Further Reading
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