Cameron Michael Ritchie Sells 50,000 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer Cameron Michael Ritchie sold 50,000 shares of the firm’s stock in a transaction that occurred 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.

PHX Energy Services Stock Down 0.6 %

Shares of PHX Energy Services stock opened at C$9.95 on Friday. The stock has a market capitalization of C$462.97 million, a PE ratio of 5.44 and a beta of 2.32. PHX Energy Services Corp. has a 52-week low of C$7.91 and a 52-week high of C$10.70. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.25 and a current ratio of 1.62. The company has a 50-day simple moving average of C$9.55 and a two-hundred day simple moving average of C$9.44.

PHX Energy Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.04%. PHX Energy Services’s dividend payout ratio is currently 43.72%.

Analyst Ratings Changes

Separately, ATB Capital decreased their price target on PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday.

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.