PHX Energy Services (TSE:PHX) Announces Quarterly Earnings Results

PHX Energy Services (TSE:PHX) issued its earnings results on Tuesday. The company reported C$0.23 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$204.18 million during the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%.

PHX Energy Services Stock Performance

PHX Energy Services stock traded down C$0.01 during mid-day trading on Tuesday, reaching C$12.68. 112,961 shares of the stock traded hands, compared to its average volume of 173,523. PHX Energy Services has a 12-month low of C$6.87 and a 12-month high of C$14.17. The stock has a market capitalization of C$580.25 million, a PE ratio of 13.35 and a beta of 1.38. The business’s 50-day moving average is C$12.63 and its 200-day moving average is C$11.46. The company has a debt-to-equity ratio of 40.80, a current ratio of 2.07 and a quick ratio of 1.25.

Insider Activity

In other PHX Energy Services news, insider John Michael Hooks sold 128,800 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of C$12.00, for a total transaction of C$1,545,600.00. Following the sale, the insider directly owned 2,510,804 shares of the company’s stock, valued at C$30,129,648. The trade was a 4.88% decrease in their ownership of the stock. Also, insider Michael Leslie Buker sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$12.47, for a total value of C$187,050.00. Following the completion of the sale, the insider directly owned 332,600 shares of the company’s stock, valued at C$4,147,522. The trade was a 4.32% decrease in their ownership of the stock. Insiders have sold a total of 341,100 shares of company stock worth $4,128,300 over the last 90 days. Corporate insiders own 11.86% of the company’s stock.

PHX Energy Services Company Profile

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.