PHX Energy Services (TSE:PHX) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of PHX Energy Services Corp. (TSE:PHX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.73 and traded as high as C$10.90. PHX Energy Services shares last traded at C$10.90, with a volume of 60,490 shares changing hands.

PHX Energy Services Stock Up 1.5%

The stock has a market capitalization of C$512.29 million, a price-to-earnings ratio of 12.61 and a beta of 1.10. The business has a fifty day moving average of C$10.94 and a 200 day moving average of C$10.75. The company has a debt-to-equity ratio of 41.56, a current ratio of 1.92 and a quick ratio of 1.25.

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

Insiders Place Their Bets

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

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.