John Michael Hooks Sells 26,100 Shares of PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 26,100 shares of PHX Energy Services stock in a transaction on Friday, September 4th. The shares were sold at an average price of C$12.50, for a total transaction of C$326,250.00. Following the completion of the sale, the insider owned 2,817,604 shares of the company’s stock, valued at C$35,220,050. This represents a 0.92% decrease in their position.

PHX Energy Services Stock Up 2.6%

PHX traded up C$0.32 during trading on Tuesday, hitting C$12.62. 81,712 shares of the company’s stock were exchanged, compared to its average volume of 183,019. The business’s 50 day moving average is C$11.67 and its two-hundred day moving average is C$11.75. PHX Energy Services Corp. has a fifty-two week low of C$6.87 and a fifty-two week high of C$14.17. The stock has a market cap of C$577.50 million, a P/E ratio of 13.28 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 40.80.

PHX Energy Services (TSE:PHX) last released its earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$178.91 million during the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%. As a group, equities analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

About PHX Energy Services

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.