PHX Energy Services (TSE:PHX) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Cerbat Gem

PHX Energy Services Corp. (TSE:PHX – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Upgrades and Downgrades

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

Get Our Latest Stock Analysis on PHX Energy Services

PHX Energy Services Trading Up 0.3 %

The business’s 50-day moving average is C$9.49 and its two-hundred day moving average is C$9.62. 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 cap of C$446.69 million, a P/E ratio of 5.25 and a beta of 2.32.

Insider Activity at PHX Energy Services

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

About PHX Energy Services

(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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