PHX Energy Services Corp. (PHX) to Issue Quarterly Dividend of $0.20 on October 15th

PHX Energy Services Corp. (TSE:PHX) declared a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.20 per share on Tuesday, October 15th. This represents a $0.80 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Friday, September 27th.

PHX Energy Services Stock Down 0.4 %

PHX stock opened at C$9.65 on Wednesday. The stock has a market cap of C$449.01 million, a PE ratio of 5.27 and a beta of 2.35. The firm’s 50-day simple moving average is C$9.88 and its 200 day simple moving average is C$9.35. PHX Energy Services has a fifty-two week low of C$7.00 and a fifty-two week high of C$10.70. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51.

PHX Energy Services (TSE:PHX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.26 EPS for the quarter, beating the consensus estimate of C$0.20 by C$0.06. The company had revenue of C$154.23 million for the quarter, compared to analyst estimates of C$149.00 million. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. As a group, sell-side analysts predict that PHX Energy Services will post 1.2399464 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, ATB Capital raised their target price on PHX Energy Services from C$11.75 to C$12.25 in a research report on Thursday, August 8th.

Insider Activity at PHX Energy Services

In other PHX Energy Services news, Senior Officer Michael Leslie Buker sold 4,900 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. In other news, insider PHX Energy Services Corp bought 60,600 shares of the stock in a transaction that occurred on Saturday, August 31st. The shares were purchased at an average cost of C$10.17 per share, with a total value of C$616,350.48. Also, Senior Officer Michael Leslie Buker sold 4,900 shares of the business’s 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. 12.13% of the stock is currently owned by 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.