PHX Energy Services (TSE:PHX) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• PHX Energy Services shares rose above their 200-day moving average, trading as high as C$10.96 before closing at C$10.84. The stock’s 200-day average is C$10.60.
• The company reported quarterly EPS of C$0.20 on revenue of C$183.88 million, with a net margin of 6.21% and return on equity of 19.38%. Analysts currently expect full-year EPS of about 1.24.
• Recent insider selling included shares sold by Michael Leslie Buker and Cameron Michael Ritchie, and insiders have sold 132,166 shares over the last 90 days. Corporate insiders still own 11.86% of the company.

PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares passed 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 changing hands.

PHX Energy Services Price Performance

The company's fifty day moving average price is C$11.06 and its two-hundred day moving average price is C$10.60. The company has a quick ratio of 1.25, a current ratio of 1.92 and a debt-to-equity ratio of 41.56. The company has a market cap of C$494.94 million, a price-to-earnings ratio of 12.18 and a beta of 1.10.

PHX Energy Services (TSE:PHX - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.20 EPS for the quarter. The business had revenue of C$183.88 million for the quarter. PHX Energy Services had a net margin of 6.21% and a return on equity of 19.38%. On average, equities research analysts forecast that PHX Energy Services Corp. will post 1.2397516 EPS for the current fiscal year.

Insider Transactions at PHX Energy Services

In other news, insider Michael Leslie Buker sold 30,000 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of C$11.79, for a total transaction of C$353,700.00. Following the completion of the transaction, the insider directly owned 326,100 shares of the company's stock, valued at C$3,844,719. This represents a 8.42% decrease in their ownership of the stock. Also, insider Cameron Michael Ritchie sold 16,666 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$11.33, for a total value of C$188,825.78. Following the transaction, the insider owned 100,000 shares of the company's stock, valued at approximately C$1,133,000. The trade was a 14.29% decrease in their ownership of the stock. Over the last 90 days, insiders sold 132,166 shares of company stock worth $1,515,354. Corporate insiders own 11.86% of the company's stock.

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.

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