PHX Energy Services (TSE:PHX) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of PHX Energy Services Corp. (TSE:PHX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.01 and traded as high as C$11.71. PHX Energy Services shares last traded at C$11.65, with a volume of 270,610 shares changing hands.

PHX Energy Services Trading Up 3.8%

The company has a 50 day simple moving average of C$10.81 and a 200 day simple moving average of C$11.01. The company has a current ratio of 1.92, a quick ratio of 1.25 and a debt-to-equity ratio of 41.56. The stock has a market capitalization of C$531.93 million, a PE ratio of 13.09 and a beta of 1.07.

PHX Energy Services (TSE:PHX) last announced 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 19.38% and a net margin of 6.21%.The company had revenue of C$178.91 million for the quarter. Analysts predict that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Insider Buying and Selling at PHX Energy Services

In related news, insider Michael Leslie Buker sold 30,000 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 326,100 shares of the company’s stock, valued at C$3,844,719. This trade represents a 8.42% decrease in their ownership of the stock. 11.86% of the stock is currently owned by corporate 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.