PHX Energy Services (TSE:PHX) Shares Up 1.8% – Time to Buy?

PHX Energy Services Corp. (TSE:PHX) shares were up 1.8% during mid-day trading on Wednesday . The company traded as high as C$9.18 and last traded at C$9.15. Approximately 111,920 shares traded hands during trading, a decline of 23% from the average daily volume of 144,904 shares. The stock had previously closed at C$8.99.

PHX Energy Services Stock Up 17.5%

The firm’s 50 day moving average price is C$8.12 and its two-hundred day moving average price is C$7.74. The firm has a market capitalization of C$485.66 million, a PE ratio of 9.95 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 25.99.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$0.35 EPS for the quarter. PHX Energy Services had a net margin of 11.40% and a return on equity of 34.01%. The firm had revenue of C$183.89 million for the quarter. As a group, research analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Insider Buying and Selling at PHX Energy Services

In related news, insider Michael Leslie Buker bought 5,000 shares of the business’s stock in a transaction dated Thursday, November 27th. The shares were acquired at an average price of C$7.32 per share, for a total transaction of C$36,600.00. Following the purchase, the insider owned 311,100 shares in the company, valued at C$2,277,252. This trade represents a 1.63% increase in their position. Insiders own 11.86% of the company’s stock.

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.