PHX Energy Services (OTCMKTS:PHXHF) Stock Price Down 0.8% – Should You Sell?

PHX Energy Services Corp. (OTCMKTS:PHXHF) shares dropped 0.8% on Friday . The company traded as low as $6.26 and last traded at $6.30. Approximately 2,587 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 5,363 shares. The stock had previously closed at $6.35.

PHX Energy Services Stock Down 0.8 %

The business’s 50 day moving average price is $6.32 and its two-hundred day moving average price is $6.65.

PHX Energy Services Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.1391 dividend. The ex-dividend date is Monday, March 31st. This represents a dividend yield of 8.83%. PHX Energy Services’s payout ratio 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.