PHX Energy Services (TSE:PHX) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Shares of PHX Energy Services Corp. (TSE:PHX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.46 and traded as high as C$9.79. PHX Energy Services shares last traded at C$9.76, with a volume of 38,463 shares traded.

Wall Street Analysts Forecast Growth

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

PHX Energy Services Stock Down 2.0 %

The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51. The stock has a market cap of C$444.83 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$9.53 and a two-hundred day simple moving average of C$9.46.

PHX Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend was Friday, September 27th. PHX Energy Services's dividend payout ratio (DPR) is 43.72%.

Insider Activity

In related news, Senior Officer John Michael Hooks sold 58,300 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$9.16, for a total transaction of C$533,998.85. Also, insider PHX Energy Services Corp purchased 60,600 shares of the company's stock in a transaction dated Saturday, August 31st. The stock was purchased at an average price of C$10.17 per share, with a total value of C$616,350.48. Over the last ninety days, insiders sold 113,200 shares of company stock worth $1,075,396. Corporate insiders own 11.86% of the company's stock.

About PHX Energy Services

PHX Energy Services Corp. provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally. It offers Atlas motors; Velocity Real-Time Systems that provide downhole guidance systems; Echo system; PowerDrive Orbit RSS, a rotary steerable system; performance drilling motors; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, a MWD tool that transmits electric signals through geological formations.