PHX Energy Services (OTCMKTS:PHXHF) Stock Price Up 0.4% – Time to Buy?

PHX Energy Services Corp. (OTCMKTS:PHXHF) shot up 0.4% during trading on Monday . The stock traded as high as $7.77 and last traded at $7.28. 2,040 shares were traded during mid-day trading, a decline of 43% from the average session volume of 3,609 shares. The stock had previously closed at $7.25.

PHX Energy Services Stock Up 1.4 %

The business’s fifty day moving average is $7.14 and its two-hundred day moving average is $6.89.

PHX Energy Services Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.1471 per share. The ex-dividend date was Friday, September 27th. This is an increase from PHX Energy Services’s previous dividend of $0.15. This represents a dividend yield of 8.24%. 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.