PHX Energy Services (OTCMKTS:PHXHF) Stock Price Down 4% – Here’s Why

Shares of PHX Energy Services Corp. (OTCMKTS:PHXHFGet Free Report) traded down 4% during trading on Friday . The stock traded as low as $7.97 and last traded at $8.06. 4,723 shares were traded during trading, a decline of 66% from the average session volume of 14,047 shares. The stock had previously closed at $8.40.

Analyst Ratings Changes

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

Read Our Latest Stock Report on PHX Energy Services

PHX Energy Services Stock Performance

The company’s 50-day moving average is $8.63 and its 200 day moving average is $7.27.

PHX Energy Services Company Profile

(Get Free Report)

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.

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