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

Shares of PHX Energy Services Corp. (TSE:PHX) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$11.69 and traded as high as C$13.31. PHX Energy Services shares last traded at C$13.04, with a volume of 59,507 shares trading hands.

PHX Energy Services Stock Performance

The stock’s 50-day moving average price is C$12.49 and its 200-day moving average price is C$11.69. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80. The company has a market capitalization of C$597.18 million, a P/E ratio of 13.74 and a beta of 1.38.

PHX Energy Services (TSE:PHX) last issued its earnings results on Tuesday, August 4th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$178.91 million during the quarter. PHX Energy Services had a return on equity of 20.25% and a net margin of 6.46%. As a group, equities analysts expect that PHX Energy Services Corp. will post 1.24 EPS for the current year.

Insider Activity at PHX Energy Services

In other PHX Energy Services news, insider John Michael Hooks sold 128,800 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of C$12.00, for a total transaction of C$1,545,600.00. Following the transaction, the insider owned 2,510,804 shares of the company’s stock, valued at approximately C$30,129,648. This trade represents a 4.88% decrease in their position. Also, insider Michael Leslie Buker sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 332,600 shares in the company, valued at approximately C$4,147,522. The trade was a 4.32% decrease in their position. Over the last quarter, insiders have sold 341,100 shares of company stock valued at $4,128,300. Insiders own 11.86% of the company’s stock.

About PHX Energy Services

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.