PHX Energy Services (OTCMKTS:PHXHF) Stock Price Down 5.4% – Here’s What Happened

PHX Energy Services Corp. (OTCMKTS:PHXHF) shares were down 5.4% during trading on Tuesday . The stock traded as low as $6.69 and last traded at $6.69. Approximately 2,409 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 3,716 shares. The stock had previously closed at $7.07.

PHX Energy Services Stock Up 2.4 %

The company has a fifty day moving average price of $6.96 and a 200 day moving average price of $6.94.

PHX Energy Services Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.1471 per share. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from PHX Energy Services’s previous dividend of $0.15. This represents a yield of 8.24%. PHX Energy Services’s payout ratio is currently 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.