PHX Energy Services (TSE:PHX) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

PHX Energy Services Corp. (TSE:PHX) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.61 and traded as high as C$9.62. PHX Energy Services shares last traded at C$9.56, with a volume of 42,283 shares.

Analyst Upgrades and Downgrades

Separately, ATB Capital dropped their price target on PHX Energy Services from C$11.75 to C$11.50 in a report on Thursday, November 7th.

PHX Energy Services Price Performance

The firm has a market capitalization of C$446.69 million, a price-to-earnings ratio of 5.25 and a beta of 2.32. The company’s 50 day moving average is C$9.49 and its 200 day moving average is C$9.62. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51.

Insider Buying and Selling at PHX Energy Services

In other PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total transaction of C$492,250.00. 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.