Have Insiders Sold PHX Energy Services Shares Recently?

Investors may wish to note that the President of PHX Energy Services Corp., Michael Buker, recently netted CA$80k from selling stock, receiving an average price of CA$7.98. On the bright side, that's just a small sale and only reduced their holding by 2.2%.

Check out our latest analysis for PHX Energy Services

The Last 12 Months Of Insider Transactions At PHX Energy Services

The Chairman & CEO, John Hooks, made the biggest insider sale in the last 12 months. That single transaction was for CA$909k worth of shares at a price of CA$8.03 each. So we know that an insider sold shares at around the present share price of CA$7.86. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year, we can see that insiders have bought 22.41k shares worth CA$146k. But insiders sold 412.59k shares worth CA$2.9m. Over the last year we saw more insider selling of PHX Energy Services shares, than buying. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of PHX Energy Services

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that PHX Energy Services insiders own 16% of the company, worth about CA$61m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About PHX Energy Services Insiders?

An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. But since PHX Energy Services is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 4 warning signs for PHX Energy Services (of which 2 don't sit too well with us!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.