PHX Energy Services Corp. (TSE:PHX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.49 and traded as high as C$8.55. PHX Energy Services shares last traded at C$8.50, with a volume of 33,124 shares traded.
Wall Street Analyst Weigh In
Separately, ATB Capital cut their price objective on shares of PHX Energy Services from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research report on Monday, May 5th.
Check Out Our Latest Report on PHX
PHX Energy Services Stock Performance
The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The firm has a market capitalization of C$373.54 million, a price-to-earnings ratio of 5.15 and a beta of 2.32. The stock's 50 day moving average price is C$8.29 and its two-hundred day moving average price is C$8.48.
Insider Transactions at PHX Energy Services
In other PHX Energy Services news, Director Garrett Wright acquired 3,850 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of C$7.94 per share, with a total value of C$30,557.45. Also, Senior Officer John Michael Hooks sold 226,800 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of C$8.26, for a total transaction of C$1,873,458.72. Over the last three months, insiders sold 1,298,300 shares of company stock worth $10,693,800. 11.86% of the stock is owned by corporate insiders.
About PHX Energy Services
(
Get Free Report)
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.
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