PHX Energy Services (OTCMKTS:PHXHF) Shares Down 2.3% – Should You Sell?

Shares of PHX Energy Services Corp. (OTCMKTS:PHXHF) fell 2.3% on Thursday . The stock traded as low as $6.19 and last traded at $6.20. 4,096 shares traded hands during trading, a decline of 15% from the average session volume of 4,816 shares. The stock had previously closed at $6.35.

PHX Energy Services Stock Performance

The firm has a 50 day moving average of $6.47 and a two-hundred day moving average of $6.81.

PHX Energy Services Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a dividend of $0.141 per share. This represents a yield of 8.91%. The ex-dividend date was Tuesday, December 31st. PHX Energy Services’s dividend payout ratio (DPR) is 62.88%.

About PHX Energy Services

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.