PHX Energy Services (OTCMKTS:PHXHF) Trading Down 1.4%

PHX Energy Services Corp. (OTCMKTS:PHXHF) traded down 1.4% on Friday . The stock traded as low as $6.37 and last traded at $6.37. 538 shares were traded during mid-day trading, a decline of 82% from the average session volume of 3,037 shares. The stock had previously closed at $6.46.

PHX Energy Services Trading Down 1.4 %

The business has a 50-day moving average price of $6.75 and a two-hundred day moving average price of $6.44.

PHX Energy Services Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.1479 per share. This is a boost from PHX Energy Services’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 27th. This represents a yield of 8.96%. PHX Energy Services’s dividend payout ratio is currently 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.