PHX Energy Services (TSE:PHX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

PHX Energy Services Corp. (TSE:PHX)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.44 and traded as high as C$12.78. PHX Energy Services shares last traded at C$12.72, with a volume of 155,460 shares.

PHX Energy Services Trading Up 0.2%

The company has a market capitalization of C$583.03 million, a PE ratio of 13.41 and a beta of 1.07. The company has a debt-to-equity ratio of 40.80, a current ratio of 2.07 and a quick ratio of 1.25. The company’s fifty day moving average is C$11.21 and its 200-day moving average is C$11.45.

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

Insider Buying and Selling at PHX Energy Services

In related news, insider Michael Leslie Buker sold 15,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 332,600 shares of the company’s stock, valued at C$4,147,522. This represents a 4.32% decrease in their ownership of the stock. 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.