PHX Energy Services Corp. (TSE:PHX – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.34 and traded as high as C$9.79. PHX Energy Services shares last traded at C$9.69, with a volume of 74,969 shares traded.
Wall Street Analyst Weigh In
Separately, ATB Capital upped their price target on shares of PHX Energy Services from C$11.75 to C$12.25 in a research report on Thursday, August 8th.
View Our Latest Stock Analysis on PHX Energy Services
PHX Energy Services Stock Performance
PHX Energy Services (TSE:PHX – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.26 EPS 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 for the quarter, compared to the consensus estimate of C$149.00 million. Research analysts forecast that PHX Energy Services Corp. will post 1.2399464 earnings per share for the current year.
PHX Energy Services Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 8.26%. PHX Energy Services’s payout ratio is 43.72%.
Insider Buying and Selling at PHX Energy Services
In other news, Senior Officer Michael Leslie Buker sold 4,900 shares of PHX Energy Services stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total transaction of C$49,147.00. In related news, Senior Officer Michael Leslie Buker sold 4,900 shares of PHX Energy Services stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total value of C$49,147.00. Also, insider PHX Energy Services Corp bought 60,600 shares of the stock in a transaction on Saturday, August 31st. The shares were acquired at an average cost of C$10.17 per share, for a total transaction of C$616,350.48. Corporate insiders own 12.13% of the company’s stock.
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.
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