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

PHX Energy Services Corp. (TSE:PHX) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$11.74 and traded as high as C$12.39. PHX Energy Services shares last traded at C$12.25, with a volume of 190,932 shares traded.

PHX Energy Services Stock Up 0.2%

The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 40.80. The firm has a market cap of C$561.95 million, a price-to-earnings ratio of 12.93 and a beta of 1.30. The stock’s 50 day moving average is C$12.08 and its 200 day moving average is C$11.74.

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

Insiders Place Their Bets

In other news, insider John Michael Hooks sold 128,800 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of C$12.00, for a total value of C$1,545,600.00. Following the completion of the transaction, the insider owned 2,510,804 shares in the company, valued at C$30,129,648. The trade was a 4.88% decrease in their ownership of the stock. Also, insider Michael Leslie Buker sold 15,000 shares of PHX Energy Services stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$12.47, for a total value of C$187,050.00. Following the completion of the transaction, the insider owned 332,600 shares of the company’s stock, valued at approximately C$4,147,522. This represents a 4.32% decrease in their position. Insiders have sold a total of 341,100 shares of company stock valued at $4,128,300 over the last quarter. 11.86% of the stock is currently owned by company insiders.

PHX Energy Services Company Profile

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.