PHX Energy Services (TSE:PHX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

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$10.60 and traded as high as C$10.96. PHX Energy Services shares last traded at C$10.84, with a volume of 111,805 shares traded.

PHX Energy Services Price Performance

The company has a 50 day moving average price of C$11.02 and a 200-day moving average price of C$10.62. The company has a market cap of C$484.44 million, a price-to-earnings ratio of 11.92 and a beta of 1.10. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56.

PHX Energy Services (TSE:PHX) last posted its earnings results on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. The business had revenue of C$183.88 million for the quarter. As a group, equities research analysts predict that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Leslie Buker sold 30,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of C$11.79, for a total value of C$353,700.00. Following the sale, the insider owned 326,100 shares of the company’s stock, valued at C$3,844,719. The trade was a 8.42% decrease in their ownership of the stock. Also, insider Cameron Michael Ritchie sold 33,333 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of C$11.36, for a total transaction of C$378,662.88. Following the completion of the sale, the insider directly owned 100,000 shares in the company, valued at approximately C$1,136,000. This represents a 25.00% decrease in their position. In the last quarter, insiders have sold 132,166 shares of company stock worth $1,515,354. 11.86% of the stock is owned by company 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.