PHX Energy Services (TSE:PHX) Share Price Breaks Above 200-Day Moving Average - Should You Sell?

Key Points

• PHX Energy Services shares rose 1.5% and moved above their 200-day moving average of C$11.72, reaching C$12.90 before closing at C$12.72.
• The company reported quarterly EPS of C$0.21 on revenue of C$178.91 million, with a 6.46% net margin and 20.25% return on equity. Analysts expect full-year EPS of C$1.24.
• Insiders sold 341,100 shares worth approximately C$4.13 million over the past three months, while corporate insiders retain an 11.86% ownership stake.

PHX Energy Services Corp. (TSE:PHX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$11.72 and traded as high as C$12.90. PHX Energy Services shares last traded at C$12.72, with a volume of 120,152 shares.

PHX Energy Services Stock Up 1.5%

The business's 50 day moving average price is C$12.27 and its 200-day moving average price is C$11.72. The company has a debt-to-equity ratio of 40.80, a quick ratio of 1.25 and a current ratio of 2.07. The firm has a market capitalization of C$582.08 million, a PE ratio of 13.39 and a beta of 1.38.

PHX Energy Services (TSE:PHX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$178.91 million during the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. As a group, equities research analysts forecast that PHX Energy Services Corp. will post 1.24 earnings per share for the current year.

Insider Buying and Selling at PHX Energy Services

In other news, insider Michael Leslie Buker sold 15,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$12.47, for a total value of C$187,050.00. Following the transaction, the insider owned 332,600 shares in the company, valued at approximately C$4,147,522. This represents a 4.32% decrease in their position. Also, insider John Michael Hooks sold 128,800 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of C$12.00, for a total transaction of C$1,545,600.00. Following the completion of the transaction, the insider owned 2,510,804 shares in the company, valued at C$30,129,648. This represents a 4.88% decrease in their ownership of the stock. Insiders sold 341,100 shares of company stock worth $4,128,300 in the last three months. 11.86% of the stock is currently owned by corporate insiders.

PHX Energy Services Company Profile

PHX Energy is a growth oriented, public oil and natural gas services company. The Corporation, through its directional drilling subsidiary entities provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the US. In connection with the services it provides, PHX Energy engineers, develops and manufactures leading-edge technologies. In recent years, PHX Energy has developed various new technologies that have positioned the Corporation as a technology leader in the horizontal and directional drilling services sector in North America.

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