PHX Energy Services Corp. (TSE:PHX - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.59 and traded as low as C$9.56. PHX Energy Services shares last traded at C$9.68, with a volume of 33,664 shares trading hands.
Wall Street Analyst Weigh In
Separately, ATB Capital cut their price target on PHX Energy Services from C$11.75 to C$11.50 in a research note on Thursday, November 7th.
Read Our Latest Research Report on PHX
PHX Energy Services Trading Down 2.0 %
The firm's 50-day moving average price is C$9.51 and its 200-day moving average price is C$9.59. The company has a market cap of C$441.57 million, a P/E ratio of 5.19 and a beta of 2.32. 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 PHX Energy Services news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of PHX Energy Services stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of C$9.85, for a total transaction of C$492,250.00. Insiders own 11.86% of the company's stock.
About PHX Energy Services
(
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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.
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