PHX Energy Services (OTCMKTS:PHXHF) Stock Price Up 3%

PHX Energy Services Corp. (OTCMKTS:PHXHFGet Free Report)’s share price was up 3% on Monday . The company traded as high as $6.53 and last traded at $6.53. Approximately 5,003 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 2,851 shares. The stock had previously closed at $6.34.

PHX Energy Services Price Performance

The stock has a 50-day moving average price of $6.55 and a two-hundred day moving average price of $6.59.

PHX Energy Services Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.1479 dividend. This is a boost from PHX Energy Services’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 8.96%. PHX Energy Services’s dividend payout ratio (DPR) is presently 62.88%.

About PHX Energy Services

(Get Free Report)

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.

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