PHX Energy Services Corp. (TSE:PHX) Senior Officer Cameron Michael Ritchie Sells 50,000 Shares

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer Cameron Michael Ritchie sold 50,000 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total value of C$492,250.00.

PHX Energy Services Stock Down 0.6 %

PHX traded down C$0.06 during midday trading on Friday, reaching C$9.95. The company's stock had a trading volume of 34,253 shares, compared to its average volume of 77,982. PHX Energy Services Corp. has a 1 year low of C$7.91 and a 1 year high of C$10.70. The stock's 50-day moving average is C$9.55 and its 200-day moving average is C$9.43. The firm has a market capitalization of C$462.97 million, a price-to-earnings ratio of 5.44 and a beta of 2.32. The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51.

PHX Energy Services (TSE:PHX - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.06. PHX Energy Services had a return on equity of 42.04% and a net margin of 13.50%. The firm had revenue of C$154.23 million during the quarter, compared to analysts' expectations of C$149.00 million. As a group, research analysts expect that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

PHX Energy Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 8.04%. The ex-dividend date of this dividend was Friday, September 27th. PHX Energy Services's dividend payout ratio is 43.72%.

Wall Street Analyst Weigh In

Separately, ATB Capital decreased their price objective on PHX Energy Services from C$11.75 to C$11.50 in a report on Thursday.

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.