PHX Energy Services (TSE:PHX) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of PHX Energy Services Corp. (TSE:PHX) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$9.62 and traded as low as C$9.16. PHX Energy Services shares last traded at C$9.16, with a volume of 24,115 shares traded.

Wall Street Analysts Forecast Growth

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

PHX Energy Services Stock Performance

The stock’s 50 day moving average price is C$9.40 and its two-hundred day moving average price is C$9.62. The company has a current ratio of 1.62, a quick ratio of 1.25 and a debt-to-equity ratio of 20.51. The firm has a market capitalization of C$426.21 million, a price-to-earnings ratio of 5.01 and a beta of 2.32.

About PHX Energy Services

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.