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PHX Energy Services (TSE:PHX) Hits New 12-Month Low - Here's What Happened

PHX Energy Services logo with Energy background

PHX Energy Services Corp. (TSE:PHX - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as C$7.60 and last traded at C$7.70, with a volume of 106557 shares. The stock had previously closed at C$8.55.

PHX Energy Services Price Performance

The business's fifty day moving average price is C$8.84 and its 200 day moving average price is C$9.29. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25. The stock has a market cap of C$374.45 million, a P/E ratio of 5.16 and a beta of 2.32.

PHX Energy Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 9.74%. The ex-dividend date is Monday, March 31st. PHX Energy Services's payout ratio is 50.27%.

About PHX Energy Services

(Get Free Report)

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.

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