PHX Energy Services (TSE:PHX) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

PHX Energy Services Corp. (TSE:PHX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.16 and traded as high as C$12.40. PHX Energy Services shares last traded at C$12.40, with a volume of 118,699 shares changing hands.

PHX Energy Services Stock Performance

The stock has a market cap of C$567.44 million, a price-to-earnings ratio of 13.05 and a beta of 1.07. The stock’s 50 day moving average is C$10.91 and its two-hundred day moving average is C$11.16. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 40.80.

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

Insider Buying and Selling

In other PHX Energy Services news, insider Michael Leslie Buker sold 30,000 shares of the stock in a transaction that occurred 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 approximately C$3,844,719. This trade represents a 8.42% decrease in their position. 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.