PHX Energy Services (OTCMKTS:PHXHF) Trading Down 1.4%

PHX Energy Services Corp. (OTCMKTS:PHXHF)’s share price dropped 1.4% during mid-day trading on Friday . The company traded as low as $6.37 and last traded at $6.37. Approximately 538 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 3,037 shares. The stock had previously closed at $6.46.

PHX Energy Services Price Performance

The stock’s fifty day simple moving average is $6.75 and its 200-day simple moving average is $6.44.

PHX Energy Services Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.1479 per share. This represents a dividend yield of 8.96%. This is a boost from PHX Energy Services’s previous dividend of $0.11. The ex-dividend date of this dividend was Wednesday, March 27th. PHX Energy Services’s dividend payout ratio (DPR) is 62.88%.

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.