PHX Energy Services (TSE:PHX) Issues Earnings Results

PHX Energy Services (TSE:PHX) announced its quarterly earnings data on Tuesday. The company reported C$0.35 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$183.89 million during the quarter. PHX Energy Services had a return on equity of 34.01% and a net margin of 11.40%.

PHX Energy Services Price Performance

Shares of TSE:PHX opened at C$9.15 on Wednesday. The firm has a 50 day moving average of C$8.12 and a 200-day moving average of C$7.74. PHX Energy Services has a 12 month low of C$6.64 and a 12 month high of C$9.39. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The stock has a market capitalization of C$413.38 million, a PE ratio of 8.47 and a beta of 1.19.

Insiders Place Their Bets

In other PHX Energy Services news, insider Michael Leslie Buker bought 5,000 shares of PHX Energy Services stock in a transaction on Thursday, November 27th. The shares were purchased at an average price of C$7.32 per share, with a total value of C$36,600.00. Following the acquisition, 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. 11.86% of the stock is owned by insiders.

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.