PHX Energy Services (TSE:PHX) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

PHX Energy Services Corp. (TSE:PHX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.01 and traded as high as C$11.71. PHX Energy Services shares last traded at C$11.65, with a volume of 270,610 shares.

PHX Energy Services Price Performance

The business has a 50-day simple moving average of C$10.82 and a 200 day simple moving average of C$11.01. The firm has a market cap of C$534.67 million, a P/E ratio of 13.16 and a beta of 1.07. The company has a debt-to-equity ratio of 41.56, a quick ratio of 1.25 and a current ratio of 1.92.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$178.91 million for the quarter. PHX Energy Services had a return on equity of 19.38% and a net margin of 6.21%. On average, analysts anticipate that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Insider Transactions at PHX Energy Services

In other PHX Energy Services news, insider Michael Leslie Buker sold 30,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total value of C$353,700.00. Following the completion of the transaction, the insider directly owned 326,100 shares in the company, valued at approximately C$3,844,719. This represents a 8.42% decrease in their position. Insiders own 11.86% of the company’s stock.

PHX Energy Services Company Profile

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. The services provided by the company includes directional drilling and motor rentals, survey management, gyro surveying and stream services. Geographically, the company operates in Canada, United States, and International.