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

PHX Energy Services Corp. (TSE:PHX) shares 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.

Wall Street Analyst Weigh In

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

PHX Energy Services Stock Performance

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

Insider Buying and Selling

In related news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the stock in a transaction that occurred 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. 11.86% of the stock is owned by corporate insiders.

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.