PHX Energy Services (TSE:PHX) Stock Price Passes Above Two Hundred Day Moving Average of $8.84

PHX Energy Services Corp. (TSE:PHX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.84 and traded as high as C$9.08. PHX Energy Services shares last traded at C$9.04, with a volume of 72,341 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. ATB Capital raised their target price on PHX Energy Services from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. BMO Capital Markets dropped their target price on PHX Energy Services from C$11.50 to C$11.00 in a research report on Wednesday, February 28th.

PHX Energy Services Trading Down 2.3 %

The company has a current ratio of 1.83, a quick ratio of 1.25 and a debt-to-equity ratio of 21.32. The company has a fifty day moving average of C$9.06 and a two-hundred day moving average of C$8.85. The stock has a market capitalization of C$417.44 million, a price-to-earnings ratio of 4.48 and a beta of 2.37.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, February 27th. The company reported C$0.68 earnings per share for the quarter, topping the consensus estimate of C$0.40 by C$0.28. The business had revenue of C$165.33 million during the quarter, compared to analysts’ expectations of C$158.50 million. PHX Energy Services had a return on equity of 50.97% and a net margin of 15.02%. On average, research analysts expect that PHX Energy Services Corp. will post 1.2855093 EPS for the current year.

PHX Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 9.10%. PHX Energy Services’s payout ratio is 40.82%.

Insider Activity

In other news, Director Karen David-Green bought 3,950 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average cost of C$8.55 per share, with a total value of C$33,756.31. In other PHX Energy Services news, Director Garrett Wright bought 3,700 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of C$9.07 per share, for a total transaction of C$33,573.06. Also, Director Karen David-Green purchased 3,950 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average cost of C$8.55 per share, with a total value of C$33,756.31. Over the last 90 days, insiders purchased 8,525 shares of company stock valued at $75,099 and sold 139,200 shares valued at $1,162,762. 11.86% of the stock is owned by company insiders.

PHX Energy Services Company Profile

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.