PHX Energy Services Corp. (OTCMKTS:PHXHF – Get Free Report) shares dropped 0.8% on Thursday . The stock traded as low as $6.49 and last traded at $6.51. Approximately 3,413 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 6,417 shares. The stock had previously closed at $6.56.
PHX Energy Services Trading Down 0.8%
The business’s 50-day moving average is $5.80 and its 200-day moving average is $6.15.
PHX Energy Services Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.1391 dividend. This represents a dividend yield of 8.83%. The ex-dividend date was Monday, March 31st. PHX Energy Services’s dividend payout ratio (DPR) 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.
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