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

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

PHX Energy Services Stock Down 0.8 %

The firm’s fifty day simple moving average is $6.32 and its 200 day simple moving average is $6.65.

PHX Energy Services Cuts Dividend

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