PHX Energy Services (TSE:PHX) Shares Pass Above 200 Day Moving Average of $8.59

PHX Energy Services Corp. (TSE:PHX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.59 and traded as high as C$8.95. PHX Energy Services shares last traded at C$8.82, with a volume of 37,032 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PHX shares. ATB Capital lifted their target price on PHX Energy Services from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Stifel Nicolaus dropped their price target on PHX Energy Services from C$12.50 to C$11.50 and set a “buy” rating for the company in a report on Wednesday, January 10th. Finally, BMO Capital Markets decreased their price objective on shares of PHX Energy Services from C$11.50 to C$11.00 in a report on Wednesday, February 28th.

PHX Energy Services Price Performance

The company’s 50-day moving average is C$9.15 and its 200-day moving average is C$8.60. 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 firm has a market cap of C$428.34 million, a price-to-earnings ratio of 4.62 and a beta of 2.38.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings results on Tuesday, February 27th. The company reported C$0.68 EPS for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.28. PHX Energy Services had a return on equity of 50.97% and a net margin of 15.02%. The company had revenue of C$165.33 million during the quarter, compared to analysts’ expectations of C$158.50 million. Equities research analysts predict that PHX Energy Services Corp. will post 1.2851296 earnings per share for the current year.

PHX Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 8.84%. The ex-dividend date was Wednesday, March 27th. PHX Energy Services’s dividend payout ratio (DPR) is presently 40.82%.

Insider Activity at PHX Energy Services

In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 10,500 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of C$8.88, for a total transaction of C$93,240.00. In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 10,500 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of C$8.88, for a total value of C$93,240.00. Also, Senior Officer Jeffery John Shafer sold 18,300 shares of PHX Energy Services stock in a transaction dated Monday, March 18th. The shares were sold at an average price of C$2.74, for a total value of C$50,142.00. Insiders sold a total of 139,200 shares of company stock valued at $1,162,762 in the last quarter. Insiders own 12.17% 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.