PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks Sells 138,800 Shares

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 138,800 shares of PHX Energy Services stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$8.07, for a total transaction of C$1,120,310.32.

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

• On Friday, May 16th, John Michael Hooks sold 2,800 shares of PHX Energy Services stock. The shares were 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 shares were sold at an average price of C$8.02, for a total transaction of C$2,164,598.00.

PHX Energy Services Trading Up 0.2%

TSE:PHX opened at C$8.02 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. PHX Energy Services Corp. has a 12 month low of C$6.64 and a 12 month high of C$10.70. The company has a market cap of C$365.79 million, a PE ratio of 5.04 and a beta of 2.32. The company has a 50 day simple moving average of C$7.92 and a two-hundred day simple moving average of C$8.80.

PHX Energy Services Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 9.98%. The ex-dividend date of this dividend was Monday, March 31st. PHX Energy Services’s dividend payout ratio (DPR) is presently 50.27%.

Analysts Set New Price Targets

Separately, ATB Capital reduced their price target on shares of 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.