PHX Energy Services (TSE:PHX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

PHX Energy Services Corp. (TSE:PHX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.60 and traded as high as C$10.96. PHX Energy Services shares last traded at C$10.84, with a volume of 111,805 shares traded.

PHX Energy Services Trading Up 4.8%

The company has a debt-to-equity ratio of 41.56, a current ratio of 1.92 and a quick ratio of 1.25. The business’s 50-day moving average is C$11.06 and its two-hundred day moving average is C$10.60. The firm has a market cap of C$494.94 million, a P/E ratio of 12.18 and a beta of 1.10.

PHX Energy Services (TSE:PHX) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. The firm had revenue of C$183.88 million for the quarter. As a group, analysts predict that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Insider Buying and Selling

In other PHX Energy Services news, insider Michael Leslie Buker sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the transaction, the insider owned 326,100 shares of the company’s stock, valued at C$3,844,719. The trade was a 8.42% decrease in their position. Also, insider Cameron Michael Ritchie sold 33,333 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were 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 C$1,136,000. This represents a 25.00% decrease in their ownership of the stock. Over the last 90 days, insiders sold 132,166 shares of company stock valued at $1,515,354. Corporate 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.