PHX Energy Services (TSE:PHX) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of PHX Energy Services Corp. (TSE:PHX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.73 and traded as high as C$10.90. PHX Energy Services shares last traded at C$10.90, with a volume of 60,490 shares.

PHX Energy Services Stock Up 2.9%

The company has a 50-day simple moving average of C$10.94 and a 200 day simple moving average of C$10.73. The company has a market cap of C$497.68 million, a P/E ratio of 12.25 and a beta of 1.10. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56.

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

Insider Activity

In other PHX Energy Services news, insider Michael Leslie Buker sold 30,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the completion of the sale, the insider directly owned 326,100 shares of the company’s stock, valued at approximately C$3,844,719. This represents a 8.42% decrease in their ownership of the stock. Also, insider Cameron Michael Ritchie sold 33,333 shares of the stock in a transaction dated 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 sale, the insider directly owned 100,000 shares of the company’s stock, valued at approximately C$1,136,000. The trade was a 25.00% decrease in their ownership of the stock. Insiders sold 132,166 shares of company stock worth $1,515,354 in the last quarter. 11.86% of the stock is owned by insiders.

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.