PHX Energy Services (TSE:PHX) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

PHX Energy Services Corp. (TSE:PHX)’s stock price crossed 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 traded.

PHX Energy Services Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56. The firm 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 market cap of C$531.93 million, a price-to-earnings ratio of 13.09 and a beta of 1.07.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$178.91 million during the quarter. PHX Energy Services had a return on equity of 19.38% and a net margin of 6.21%. On average, sell-side analysts predict that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael Leslie Buker sold 30,000 shares of the stock in a transaction on 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 owned 326,100 shares in the company, valued at C$3,844,719. This represents a 8.42% decrease in their position. 11.86% of the stock is currently owned by company insiders.

PHX Energy Services Company Profile

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.