PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$755,378.55 in Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 93,900 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$8.04, for a total value of C$755,378.55.

John Michael Hooks also recently made the following trade(s):

• On Thursday, June 5th, John Michael Hooks sold 80,500 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.00, for a total transaction of C$644,193.20.
• On Tuesday, June 3rd, John Michael Hooks sold 138,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.07, for a total transaction of C$1,120,310.32.
• On Friday, May 16th, John Michael Hooks sold 2,800 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.25, for a total transaction of C$23,103.08.
• On Wednesday, May 14th, John Michael Hooks sold 269,900 shares of PHX Energy Services stock. The stock was sold at an average price of C$8.02, for a total value of C$2,164,598.00.

PHX Energy Services Trading Up 0.5%

Shares of PHX stock traded up C$0.04 during mid-day trading on Tuesday, reaching C$8.09. The company’s stock had a trading volume of 36,414 shares, compared to its average volume of 75,201. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 25.99. The firm has a market capitalization of C$368.98 million, a PE ratio of 5.08 and a beta of 2.32. The company’s 50 day simple moving average is C$7.87 and its 200-day simple moving average is C$8.75. PHX Energy Services Corp. has a 12-month low of C$6.64 and a 12-month high of C$10.70.

PHX Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.89%. The ex-dividend date was Monday, March 31st. PHX Energy Services’s dividend payout ratio (DPR) is presently 50.27%.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered their price target on PHX Energy Services from C$12.00 to C$11.50 and set an “outperform” rating for the company in a research report on Monday, May 5th.

PHX Energy Services Company Profile

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.