PHX Energy Services (TSE:PHX) Sets New 52-Week Low – Here’s Why

PHX Energy Services Corp. (TSE:PHX)’s share price hit a new 52-week low on Friday . The company traded as low as C$7.60 and last traded at C$7.70, with a volume of 106557 shares changing hands. The stock had previously closed at C$8.55.

PHX Energy Services Stock Down 10.9 %

The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 25.99. The company has a market cap of C$347.54 million, a PE ratio of 4.79 and a beta of 2.32. The company’s fifty day moving average is C$8.96 and its 200-day moving average is C$9.33.

PHX Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 10.50%. The ex-dividend date is Monday, March 31st. PHX Energy Services’s payout ratio is currently 50.27%.

PHX Energy Services Company Profile

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.