Insider Selling: PHX Energy Services (TSE:PHX) Insider Sells 57,500 Shares

PHX Energy Services Corp. (TSE:PHX) insider John Michael Hooks sold 57,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$12.00, for a total value of C$690,000.00. Following the completion of the sale, the insider directly owned 2,639,604 shares of the company’s stock, valued at approximately C$31,675,248. The trade was a 2.13% decrease in their ownership of the stock.

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

• On Friday, September 18th, John Michael Hooks sold 100,000 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.15, for a total value of C$1,215,000.00.
• On Monday, September 21st, John Michael Hooks sold 13,700 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.00, for a total value of C$164,400.00.
• On Friday, September 4th, John Michael Hooks sold 26,100 shares of PHX Energy Services stock. The shares were sold at an average price of C$12.50, for a total transaction of C$326,250.00.

PHX Energy Services Stock Performance

Shares of TSE PHX traded up C$0.04 during mid-day trading on Wednesday, reaching C$12.00. 140,153 shares of the company were exchanged, compared to its average volume of 180,784. The stock has a market capitalization of C$549.13 million, a P/E ratio of 12.63 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 40.80. The company’s 50-day simple moving average is C$11.88 and its 200-day simple moving average is C$11.77. PHX Energy Services Corp. has a twelve month low of C$6.87 and a twelve month high of C$14.17.

PHX Energy Services (TSE:PHX) last announced its earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share for the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%.The company had revenue of C$178.91 million for the quarter. As a group, research analysts predict that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

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. 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.