PHX Energy Services Corp. (PHX.TO) (TSE:PHX) Director Lawrence M. Hibbard bought 5,000 shares of the business’s stock in a transaction on Wednesday, December 30th. The stock was bought at an average price of C$2.53 per share, for a total transaction of C$12,650.00. Following the transaction, the director now directly owns 66,500 shares of the company’s stock, valued at C$168,245.
PHX stock opened at C$2.53 on Friday. The firm has a market cap of C$128.98 million and a price-to-earnings ratio of -12.78. The company has a quick ratio of 1.88, a current ratio of 3.14 and a debt-to-equity ratio of 29.62. PHX Energy Services Corp. has a 12-month low of C$0.51 and a 12-month high of C$2.88. The company’s fifty day simple moving average is C$2.18 and its 200 day simple moving average is C$1.54.
PHX Energy Services Corp. (PHX.TO) (TSE:PHX) last released its earnings results on Wednesday, November 4th. The company reported C($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.10) by C$0.07. The firm had revenue of C$39.78 million during the quarter, compared to analyst estimates of C$34.45 million. Research analysts expect that PHX Energy Services Corp. will post -0.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Friday, January 15th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $0.10 annualized dividend and a yield of 3.95%.
A number of analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of PHX Energy Services Corp. (PHX.TO) from C$2.00 to C$2.25 in a research report on Thursday, November 5th. BMO Capital Markets lifted their price target on shares of PHX Energy Services Corp. (PHX.TO) from C$1.75 to C$2.75 in a report on Tuesday, December 8th. Stifel Firstegy reiterated a “buy” rating on shares of PHX Energy Services Corp. (PHX.TO) in a report on Monday, November 2nd. Atb Cap Markets upgraded shares of PHX Energy Services Corp. (PHX.TO) from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 4th. Finally, ATB Capital upgraded shares of PHX Energy Services Corp. (PHX.TO) from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$2.00 to C$2.50 in a report on Thursday, November 5th.
PHX Energy Services Corp. (PHX.TO) Company Profile
PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.
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