PHX Energy Services Corp (TSE:PHX) Insider PHX Energy Services Corp Buys 276,100 Shares

PHX Energy Services Corp (TSE:PHX) insider PHX Energy Services Corp purchased 276,100 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was purchased at an average cost of C$2.90 per share, with a total value of C$800,331.07. Following the purchase, the insider now owns 276,100 shares in the company, valued at C$800,331.07.

PHX Energy Services Corp also recently made the following trade(s):

  • On Friday, July 19th, PHX Energy Services Corp purchased 336,700 shares of PHX Energy Services stock. The stock was purchased at an average cost of C$2.90 per share, with a total value of C$975,386.23.

Shares of PHX Energy Services stock traded down C$0.13 during mid-day trading on Monday, hitting C$2.46. The stock had a trading volume of 24,300 shares, compared to its average volume of 52,122. The firm’s 50-day simple moving average is C$2.79. PHX Energy Services Corp has a 12-month low of C$2.16 and a 12-month high of C$3.50. The company has a current ratio of 1.90, a quick ratio of 1.45 and a debt-to-equity ratio of 46.09. The company has a market cap of $142.14 million and a price-to-earnings ratio of -8.66.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.01). The company had revenue of C$92.12 million for the quarter, compared to analysts’ expectations of C$85.00 million. On average, equities research analysts anticipate that PHX Energy Services Corp will post 0.09 earnings per share for the current year.

Several analysts have recently weighed in on the stock. Cormark increased their price target on shares of PHX Energy Services from C$4.50 to C$5.00 in a research note on Tuesday, April 9th. BMO Capital Markets dropped their price target on shares of PHX Energy Services from C$4.00 to C$3.50 in a research note on Thursday.

PHX Energy Services Company Profile

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It also offers Web-based remote electronic drilling recorder technology and services.

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