PHX Energy Services (TSE:PHX) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of PHX Energy Services Corp. (TSE:PHX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.41 and traded as high as C$9.52. PHX Energy Services shares last traded at C$9.38, with a volume of 58,431 shares.

Analyst Upgrades and Downgrades

Separately, ATB Capital decreased their target price on shares of PHX Energy Services from C$12.25 to C$11.75 in a research report on Tuesday, October 22nd.

PHX Energy Services Price Performance

The stock's 50 day moving average price is C$9.57 and its two-hundred day moving average price is C$9.41. 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 has a market capitalization of C$436.45 million, a price-to-earnings ratio of 5.13 and a beta of 2.32.

PHX Energy Services (TSE:PHX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.26 earnings per share for the quarter, topping analysts' consensus estimates of C$0.20 by C$0.06. PHX Energy Services had a net margin of 13.50% and a return on equity of 42.04%. The business had revenue of C$154.23 million during the quarter, compared to analysts' expectations of C$149.00 million. On average, equities research analysts anticipate that PHX Energy Services Corp. will post 1.2397516 EPS for the current year.

PHX Energy Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date was Friday, September 27th. PHX Energy Services's payout ratio is 43.72%.

Insider Transactions at PHX Energy Services

In other news, Senior Officer Michael Leslie Buker sold 4,900 shares of the business's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total value of C$49,147.00. In related news, Senior Officer Michael Leslie Buker sold 4,900 shares of the company's stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$10.03, for a total transaction of C$49,147.00. Also, insider PHX Energy Services Corp bought 60,600 shares of the business's stock in a transaction that occurred on Saturday, August 31st. The shares were bought at an average price of C$10.17 per share, with a total value of C$616,350.48. 11.86% of the stock is owned by corporate insiders.

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.