Key Points
- Insider sale: PHX Energy Services insider Michael Leslie Buker sold 5,000 shares on May 20 at an average price of C$11.80, totaling C$59,000. After the transaction, he still held 326,100 shares.
- Company performance: PHX reported quarterly earnings of C$0.20 per share on revenue of C$183.89 million, with a net margin of 6.21% and return on equity of 19.38%. Analysts expect full-year EPS of about 1.24.
- Analyst sentiment: Wall Street remains generally positive on the stock, with a consensus rating of Buy and an average price target of C$11.13. Recent upgrades and target increases from ATB Cormark and BMO Capital Markets supported that outlook.
PHX Energy Services Corp. (TSE:PHX - Get Free Report) insider Michael Leslie Buker sold 5,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$11.80, for a total value of C$59,000.00. Following the sale, the insider owned 326,100 shares of the company's stock, valued at C$3,847,980. This trade represents a 1.51% decrease in their position.
PHX Energy Services Price Performance
TSE PHX opened at C$11.62 on Friday. The stock's 50-day moving average price is C$12.28 and its two-hundred day moving average price is C$9.70. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. The company has a market cap of C$530.56 million, a PE ratio of 13.06 and a beta of 1.35. PHX Energy Services Corp. has a 1 year low of C$6.87 and a 1 year high of C$14.17.
PHX Energy Services (TSE:PHX - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported C$0.20 earnings per share (EPS) for the quarter. The company had revenue of C$183.89 million for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. On average, analysts predict that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on PHX shares. ATB Cormark Capital Markets upgraded shares of PHX Energy Services from a "hold" rating to a "moderate buy" rating and raised 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 boosted their target price 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, PHX Energy Services has a consensus rating of "Buy" and a consensus price target of C$11.13.
Read Our Latest Stock Report 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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