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PHX Energy Services (TSE:PHX) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

PHX Energy Services logo with Energy background

PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

Separately, ATB Capital lowered their price objective on shares of PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday, November 7th.

Read Our Latest Report on PHX Energy Services

PHX Energy Services Stock Up 0.1 %

The stock has a market cap of C$445.29 million, a P/E ratio of 5.23 and a beta of 2.32. The firm has a 50 day simple moving average of C$9.49 and a 200-day simple moving average of C$9.62. The company has a quick ratio of 1.25, a current ratio of 1.62 and a debt-to-equity ratio of 20.51.

Insider Buying and Selling at PHX Energy Services

In other news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of PHX Energy Services stock in a transaction 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. Corporate insiders own 11.86% of the company's stock.

PHX Energy Services Company Profile

(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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