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

Key Points

• PHX Energy Services shares rose 3.4%, trading as high as C$12.39 and closing at C$12.25, above the 200-day moving average of C$11.74.
• The company reported quarterly revenue of C$178.91 million and EPS of C$0.21, with a 6.46% net margin and 20.25% return on equity.
• Insiders have sold 341,100 shares worth approximately C$4.13 million over the past 90 days, although insiders still own 11.86% of the company.

PHX Energy Services Corp. (TSE:PHX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$11.74 and traded as high as C$12.39. PHX Energy Services shares last traded at C$12.25, with a volume of 190,932 shares traded.

PHX Energy Services Stock Up 3.4%

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$560.57 million, a PE ratio of 12.89 and a beta of 1.30. The company has a fifty day moving average price of C$12.05 and a 200-day moving average price of C$11.74.

PHX Energy Services (TSE:PHX - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. PHX Energy Services had a net margin of 6.46% and a return on equity of 20.25%. The company had revenue of C$178.91 million for the quarter. As a group, analysts expect that PHX Energy Services Corp. will post 1.2397516 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael Leslie Buker sold 15,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$12.47, for a total value of C$187,050.00. Following the completion of the sale, the insider owned 332,600 shares in the company, valued at approximately C$4,147,522. This trade represents a 4.32% decrease in their position. Also, insider John Michael Hooks sold 128,800 shares of the business's 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 value of C$1,545,600.00. Following the transaction, the insider owned 2,510,804 shares of the company's stock, valued at C$30,129,648. This trade represents a 4.88% decrease in their position. Over the last 90 days, insiders have sold 341,100 shares of company stock worth $4,128,300. Company insiders own 11.86% of the company's stock.

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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