PHX Energy Services (TSE:PHX) Stock Crosses Above Two Hundred Day Moving Average of $2.89

PHX Energy Services Corp (TSE:PHX) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.89 and traded as high as $2.45. PHX Energy Services shares last traded at $2.45, with a volume of 101,400 shares changing hands.

Separately, BMO Capital Markets decreased their price target on shares of PHX Energy Services from C$4.00 to C$3.50 in a report on Thursday, August 1st.

The company’s fifty day moving average price is C$2.71 and its 200 day moving average price is C$2.89. The company has a debt-to-equity ratio of 44.62, a quick ratio of 1.36 and a current ratio of 1.88. The firm has a market capitalization of $135.32 million and a price-to-earnings ratio of -7.77.

PHX Energy Services (TSE:PHX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). The firm had revenue of C$82.98 million for the quarter, compared to analyst estimates of C$75.00 million. As a group, sell-side analysts expect that PHX Energy Services Corp will post 0.04 earnings per share for the current year.

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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