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

PHX Energy Services Corp. (TSE:PHX) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.36 and traded as low as C$10.27. PHX Energy Services shares last traded at C$10.30, with a volume of 69,789 shares changing hands.

PHX Energy Services Trading Down 0.9%

The firm has a market capitalization of C$470.29 million, a PE ratio of 11.57 and a beta of 1.13. The company’s 50-day moving average price is C$11.41 and its 200-day moving average price is C$10.36. 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 earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$183.88 million during the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. On average, sell-side analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Cameron Michael Ritchie sold 33,333 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$11.36, for a total transaction of C$378,662.88. Following the completion of the transaction, the insider directly owned 100,000 shares of the company’s stock, valued at approximately C$1,136,000. This represents a 25.00% decrease in their position. Also, Director Myron Arthur Tetreault sold 3,400 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$13.61, for a total value of C$46,274.00. Following the completion of the transaction, the director owned 24,000 shares in the company, valued at approximately C$326,640. The trade was a 12.41% decrease in their position. Insiders sold 215,166 shares of company stock valued at $2,654,052 in the last ninety days. Insiders own 11.86% of the company’s stock.

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. 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.