PHX Energy Services Corp. (TSE:PHX – Get Rating) declared a quarterly dividend on Wednesday, March 15th, Zacks reports. Shareholders of record on Friday, March 31st will be paid a dividend of 0.15 per share on Monday, April 17th. This represents a $0.60 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Thursday, March 30th. This is a positive change from PHX Energy Services’s previous quarterly dividend of $0.05.
PHX Energy Services Stock Up 2.6 %
PHX opened at C$7.11 on Friday. The stock has a market capitalization of C$362.47 million, a P/E ratio of 8.17 and a beta of 2.28. PHX Energy Services has a 12 month low of C$3.94 and a 12 month high of C$8.93. The business has a 50 day simple moving average of C$7.76 and a 200-day simple moving average of C$7.39. The company has a debt-to-equity ratio of 35.28, a current ratio of 1.81 and a quick ratio of 1.25.
Insider Transactions at PHX Energy Services
In other news, Senior Officer Michael Leslie Buker sold 18,400 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of C$7.69, for a total transaction of C$141,496.00. Following the completion of the transaction, the insider now directly owns 358,700 shares in the company, valued at approximately C$2,758,403. In other PHX Energy Services news, Senior Officer Jeffery John Shafer sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of C$8.01, for a total value of C$200,250.00. Following the completion of the sale, the insider now directly owns 383,793 shares of the company’s stock, valued at approximately C$3,074,181.93. Also, Senior Officer Michael Leslie Buker sold 18,400 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of C$7.69, for a total transaction of C$141,496.00. Following the completion of the sale, the insider now owns 358,700 shares in the company, valued at C$2,758,403. Insiders sold 48,887 shares of company stock valued at $383,995 over the last quarter. Company insiders own 10.75% of the company’s stock.
Wall Street Analyst Weigh In
PHX Energy Services Company Profile
PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an MWD tool that transmits electric signals through geological formations.
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