PHX Energy Services (TSE:PHX) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Shares of PHX Energy Services Corp. (TSE:PHX - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.57 and traded as low as C$9.20. PHX Energy Services shares last traded at C$9.36, with a volume of 78,563 shares trading hands.

Analyst Upgrades and Downgrades

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

PHX Energy Services Price Performance

The firm has a market cap of C$433.66 million, a P/E ratio of 5.09 and a beta of 2.32. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25. The firm's 50 day moving average is C$9.50 and its 200 day moving average is C$9.57.

Insider Activity

In related news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were 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.

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.