PHX Energy Services (TSE:PHX) Stock Price Crosses Above Two Hundred Day Moving Average of $1.06

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PHX Energy Services Corp (TSE:PHX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.06 and traded as high as $1.59. PHX Energy Services shares last traded at $1.52, with a volume of 14,835 shares changing hands.

Several analysts have issued reports on the company. Atb Cap Markets reaffirmed a “sector perform” rating on shares of PHX Energy Services in a research report on Monday, September 14th. Cormark raised their price objective on PHX Energy Services from C$1.25 to C$1.40 in a research report on Friday, August 7th. Finally, BMO Capital Markets raised their price objective on PHX Energy Services from C$0.75 to C$1.25 in a research report on Thursday, August 6th.

The company has a market cap of $79.88 million and a PE ratio of -10.71. The company has a debt-to-equity ratio of 28.55, a quick ratio of 1.63 and a current ratio of 2.86. The stock has a 50 day moving average of C$1.38 and a 200-day moving average of C$1.06.

PHX Energy Services (TSE:PHX) last released its quarterly earnings data on Wednesday, August 5th. The company reported C($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.18) by C$0.09. The company had revenue of C$46.77 million for the quarter, compared to analysts’ expectations of C$41.00 million. Equities research analysts forecast that PHX Energy Services Corp will post -0.23 EPS for the current year.

In related news, insider PHX Energy Services Corp acquired 2,239,600 shares of PHX Energy Services stock in a transaction on Monday, August 31st. The stock was acquired at an average price of C$1.40 per share, for a total transaction of C$3,135,440.00. Following the purchase, the insider now owns 2,270,600 shares of the company’s stock, valued at approximately C$3,178,840.

PHX Energy Services Company Profile (TSE:PHX)

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, and Albania. It also offers Web-based remote electronic drilling recorder technology and services.

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