PHX Energy Services (TSE:PHX) Stock Price Down 0.9% - What's Next?

PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares were down 0.9% on Tuesday . The company traded as low as C$9.32 and last traded at C$9.32. Approximately 28,998 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 76,604 shares. The stock had previously closed at C$9.40.

Analysts Set New Price Targets

Separately, ATB Capital reduced their price objective on shares of PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday, November 7th.

PHX Energy Services Trading Up 1.8 %

The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51. The firm has a market cap of C$441.57 million, a price-to-earnings ratio of 5.09 and a beta of 2.32. The company has a 50-day moving average price of C$9.63 and a 200 day moving average price of C$9.54.

PHX Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend was Friday, September 27th. PHX Energy Services's dividend payout ratio is currently 43.72%.

Insider Buying and Selling at PHX Energy Services

In other PHX Energy Services news, Senior Officer John Michael Hooks sold 58,300 shares of PHX Energy Services stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total value of C$533,998.85. Also, Senior Officer Cameron Michael Ritchie sold 50,000 shares of PHX Energy Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of C$9.85, for a total transaction of C$492,250.00. Company insiders own 11.86% of the company's stock.

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.