PHX Energy Services (OTCMKTS:PHXHF) Shares Down 1% – Here’s What Happened

Shares of PHX Energy Services Corp. (OTCMKTS:PHXHF) dropped 1% during mid-day trading on Wednesday . The stock traded as low as $8.45 and last traded at $8.78. Approximately 13,228 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 16,831 shares. The stock had previously closed at $8.87.

Analyst Ratings Changes

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of PHX Energy Services in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

PHX Energy Services Stock Down 1.0%

The stock has a fifty day moving average of $8.17 and a 200 day moving average of $6.40.

PHX Energy Services Company Profile

PHX Energy Services Corp., trading under the ticker OTCMKTS:PHXHF, is a Canada-based oilfield services provider specializing in pressure pumping and well completion solutions for the oil and gas industry. The company offers hydraulic fracturing, acidizing, coiled tubing, nitrogen pumping and other specialized stimulation services designed to enhance production in both conventional and unconventional reservoirs.

Leveraging a fleet of modular pressure pumping units and coiled tubing systems, PHX Energy Services delivers tailored fracturing and well intervention services that aim to optimize well performance, improve operational efficiency and maintain rigorous safety standards.