Insider Buying: PHX Energy Services Corp. (TSE:PHX) Director Buys 1,730 Shares of Stock

PHX Energy Services Corp. (TSE:PHX) Director Karen David-Green acquired 1,730 shares of the company’s stock in a transaction on Friday, April 4th. The shares were acquired at an average price of C$8.01 per share, for a total transaction of C$13,859.55.

PHX Energy Services Stock Down 10.9 %

PHX stock opened at C$7.62 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The firm has a 50 day simple moving average of C$8.96 and a 200-day simple moving average of C$9.33. The company has a market capitalization of C$347.54 million, a P/E ratio of 4.79 and a beta of 2.32. PHX Energy Services Corp. has a twelve month low of C$7.60 and a twelve month high of C$10.70.

PHX Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Monday, March 31st. PHX Energy Services’s dividend payout ratio is currently 50.27%.

About PHX Energy Services

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.