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

PHX Energy Services Corp. (OTCMKTS:PHXHF)’s share price shot up 1.5% during trading on Wednesday . The stock traded as high as $9.7825 and last traded at $9.66. 13,038 shares were traded during trading, a decline of 28% from the average session volume of 18,181 shares. The stock had previously closed at $9.52.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets reissued an “outperform” rating on shares of PHX Energy Services in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, PHX Energy Services has an average rating of “Buy”.

PHX Energy Services Price Performance

The firm’s 50-day moving average is $7.15 and its 200 day moving average is $6.01.

About PHX Energy Services

PHX Energy Services Corp., trading under the ticker OTCMKTS:PHXHF, is a Canada-based oilfield services provider specializing in pressure pumping and well completion solutions for the oil and gas industry. The company offers hydraulic fracturing, acidizing, coiled tubing, nitrogen pumping and other specialized stimulation services designed to enhance production in both conventional and unconventional reservoirs.

Leveraging a fleet of modular pressure pumping units and coiled tubing systems, PHX Energy Services delivers tailored fracturing and well intervention services that aim to optimize well performance, improve operational efficiency and maintain rigorous safety standards.