PHX Energy Services (TSE:PHX) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

PHX Energy Services Corp. (TSE:PHX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.58 and traded as high as C$12.75. PHX Energy Services shares last traded at C$12.50, with a volume of 93,442 shares changing hands.

PHX Energy Services Stock Down 1.8%

The company has a market cap of C$572.05 million, a P/E ratio of 13.16 and a beta of 1.30. The stock has a 50-day moving average of C$11.43 and a two-hundred day moving average of C$11.58. The company has a debt-to-equity ratio of 40.80, a quick ratio of 1.25 and a current ratio of 2.07.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$178.91 million for the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. On average, research analysts anticipate that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Insider Activity at PHX Energy Services

In related news, insider Michael Leslie Buker sold 15,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$12.47, for a total transaction of C$187,050.00. Following the transaction, the insider owned 332,600 shares of the company’s stock, valued at approximately C$4,147,522. This trade represents a 4.32% decrease in their position. Corporate 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.