PHX Energy Services (OTCMKTS:PHXHF) Shares Up 0.2% – Time to Buy?

PHX Energy Services Corp. (OTCMKTS:PHXHF)’s stock price shot up 0.2% on Tuesday . The stock traded as high as $6.66 and last traded at $6.66. 314 shares were traded during mid-day trading, a decline of 87% from the average session volume of 2,364 shares. The stock had previously closed at $6.65.

PHX Energy Services Trading Up 0.2 %

The stock’s fifty day moving average price is $6.71 and its 200-day moving average price is $6.96.

PHX Energy Services Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be issued a $0.141 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a yield of 8.91%. PHX Energy Services’s dividend payout ratio (DPR) is currently 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.