PHX Energy Services (TSE:PHX) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

PHX Energy Services Corp. (TSE:PHX) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

PHX Energy Services Trading Down 0.1 %

The stock has a market capitalization of C$441.10 million, a P/E ratio of 5.18 and a beta of 2.32. The stock’s fifty day moving average price is C$9.51 and its 200 day moving average price is C$9.59. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.62 and a quick ratio of 1.25.

Insider Transactions at PHX Energy Services

In other news, Senior Officer Cameron Michael Ritchie sold 50,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was 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.

PHX Energy Services Company Profile

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.