PHX Energy Services (OTCMKTS:PHXHF) Trading Down 1.5% – Here’s What Happened

PHX Energy Services Corp. (OTCMKTS:PHXHF)’s stock price fell 1.5% during mid-day trading on Tuesday . The stock traded as low as $6.48 and last traded at $6.49. 11,951 shares changed hands during trading, an increase of 218% from the average session volume of 3,757 shares. The stock had previously closed at $6.59.

PHX Energy Services Trading Down 1.5 %

The company has a fifty day moving average of $6.90 and a 200-day moving average of $6.97.

PHX Energy Services Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.1471 dividend. This is a positive change from PHX Energy Services’s previous dividend of $0.15. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 8.24%. PHX Energy Services’s dividend payout ratio is presently 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.