PHX Energy Services (OTCMKTS:PHXHF) Trading Down 0.8% – What’s Next?

PHX Energy Services Corp. (OTCMKTS:PHXHF) shares traded down 0.8% on Thursday . The company traded as low as $6.49 and last traded at $6.51. 3,413 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 6,417 shares. The stock had previously closed at $6.56.

PHX Energy Services Stock Down 0.8%

The business’s 50-day moving average price is $5.80 and its 200-day moving average price is $6.15.

PHX Energy Services Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.1391 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 8.83%. PHX Energy Services’s payout ratio 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.