PHX Energy Services (OTCMKTS:PHXHF) Stock Price Down 1.8% – Here’s What Happened

PHX Energy Services Corp. (OTCMKTS:PHXHF)’s stock price fell 1.8% during mid-day trading on Monday . The stock traded as low as $5.47 and last traded at $5.47. 19,480 shares changed hands during trading, an increase of 195% from the average session volume of 6,608 shares. The stock had previously closed at $5.57.

PHX Energy Services Trading Up 0.4 %

The business has a 50-day moving average of $6.07 and a 200-day moving average of $6.51.

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.