PHX Energy Services (OTCMKTS:PHXHF) Trading Up 2.9% – What’s Next?

Shares of PHX Energy Services Corp. (OTCMKTS:PHXHF) traded up 2.9% during mid-day trading on Friday . The stock traded as high as $5.32 and last traded at $5.32. 4,675 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 10,730 shares. The stock had previously closed at $5.1720.

PHX Energy Services Stock Performance

The firm’s 50-day simple moving average is $5.33 and its 200 day simple moving average is $5.67.

PHX Energy Services Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were issued a $0.1444 dividend. This represents a dividend yield of 1,022.0%. The ex-dividend date of this dividend was Tuesday, September 30th. PHX Energy Services’s dividend payout ratio is presently 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.