Shares of PHX Energy Services Corp. (TSE:PHX – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.39 and traded as high as C$10.04. PHX Energy Services shares last traded at C$9.98, with a volume of 69,745 shares traded.
Analyst Ratings Changes
Separately, ATB Capital raised their price objective on PHX Energy Services from C$11.75 to C$12.25 in a report on Thursday, August 8th.
Check Out Our Latest Analysis on PHX Energy Services
PHX Energy Services Stock Up 0.5 %
PHX Energy Services (TSE:PHX – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported C$0.26 earnings per share (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 return on equity of 42.04% and a net margin of 13.50%. As a group, equities analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.
PHX Energy Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 8.02%. PHX Energy Services’s dividend payout ratio (DPR) is presently 43.72%.
Insider Buying and Selling at PHX Energy Services
In other news, Senior Officer Michael Leslie Buker sold 4,900 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$10.03, for a total transaction of C$49,147.00. In other news, 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. Also, insider PHX Energy Services Corp acquired 60,600 shares of the business’s stock in a transaction dated Saturday, August 31st. The shares were bought at an average price of C$10.17 per share, for a total transaction of C$616,350.48. 11.86% of the stock is owned by insiders.
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.
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