PHX Energy Services Corp. (TSE:PHX) Plans Quarterly Dividend of $0.20

PHX Energy Services Corp. (TSE:PHX) declared a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.20 per share on Tuesday, October 15th. This represents a $0.80 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date is Monday, September 30th.

PHX Energy Services Price Performance

TSE PHX opened at C$9.17 on Friday. PHX Energy Services has a twelve month low of C$7.00 and a twelve month high of C$10.70. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62. The stock has a market capitalization of C$426.68 million, a PE ratio of 5.01 and a beta of 2.35. The stock has a 50-day simple moving average of C$9.86 and a 200 day simple moving average of C$9.33.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.06. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. The firm had revenue of C$154.23 million during the quarter, compared to the consensus estimate of C$149.00 million. Research analysts anticipate that PHX Energy Services will post 1.2398427 EPS for the current year.

Insider Activity at PHX Energy Services

In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 4,900 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. In other news, Senior Officer Michael Leslie Buker sold 4,900 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total transaction of C$49,147.00. Also, insider PHX Energy Services Corp purchased 60,600 shares of the business’s stock in a transaction that occurred on Saturday, August 31st. The stock was acquired at an average cost of C$10.17 per share, with a total value of C$616,350.48. 12.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, ATB Capital boosted their price objective on PHX Energy Services from C$11.75 to C$12.25 in a research report on Thursday, August 8th.

About PHX Energy Services

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.