Key Points
- Insider selling: PHX Energy Services insider Michael Leslie Buker sold 30,000 shares on May 22 at an average price of C$11.79, totaling C$353,700. He also sold 5,000 shares two days earlier at C$11.80.
- After the sale, Buker’s stake fell by 8.42%, leaving him with 326,100 shares valued at about C$3.84 million.
- Despite the insider sales, analysts remain constructive on the stock, with a consensus Buy rating and an average target price of C$11.13.
PHX Energy Services Corp. (TSE:PHX - Get Free Report) insider Michael Leslie Buker sold 30,000 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total value of C$353,700.00. Following the completion of the transaction, the insider owned 326,100 shares in the company, valued at approximately C$3,844,719. This represents a 8.42% decrease in their position.
Michael Leslie Buker also recently made the following trade(s):
- On Wednesday, May 20th, Michael Leslie Buker sold 5,000 shares of PHX Energy Services stock. The stock was sold at an average price of C$11.80, for a total value of C$59,000.00.
PHX Energy Services Stock Performance
PHX Energy Services stock opened at C$11.53 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. PHX Energy Services Corp. has a 1 year low of C$6.87 and a 1 year high of C$14.17. The company has a market cap of C$526.45 million, a PE ratio of 12.96 and a beta of 1.35. The company's 50-day moving average is C$12.24 and its two-hundred day moving average is C$9.75.
PHX Energy Services (TSE:PHX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. The company had revenue of C$183.89 million during the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. Equities analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on PHX shares. BMO Capital Markets increased their target price on PHX Energy Services from C$8.50 to C$10.50 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. ATB Cormark Capital Markets raised PHX Energy Services from a "hold" rating to a "moderate buy" rating and upped their price target for the company from C$8.00 to C$11.75 in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$11.13.
Read Our Latest Stock 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.
Further Reading
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