PHX Energy Services (PHX) Stock Price, News & Analysis

Company Overview

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. The company also provides 360 CV MWD System, a clear vision tool, which surveys inclination and gamma in real-time closer to the bit; 360 RWD System, a resistivity while drilling sub; and North Seeking Gyro that offers real-time QA/QC checks downhole. In addition, it offers directional drilling and motor rentals, survey management, and Gyro surveying services. The company was formerly known as Phoenix Technology Income Fund and changed its name to PHX Energy Services Corp. PHX Energy Services Corp. was founded in 1995 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$9.62 to C$9.78
• 50-Day Range: C$9.08 to C$10.53
• 52-Week Range: C$7.00 to C$10.70
• Volume: 47,247 shs
• Average Volume: 77,962 shs
• Market Capitalization: C$450.88 million
• P/E Ratio: 5.30
• Dividend Yield: 8.26%
• Price Target: C$11.58
• Consensus Rating: Buy

PHX Energy Services Stock Analysis - MarketRank™

PHX Energy Services scored higher than 64% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

PHX Energy Services has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

PHX Energy Services has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of PHX Energy Services is 5.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of PHX Energy Services is 5.30, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.22.

Price to Book Value per Share Ratio

PHX Energy Services has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PHX.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

PHX Energy Services is a leading dividend payer. It pays a dividend yield of 8.02%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

PHX Energy Services does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of PHX Energy Services is 43.72%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PHX.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.59

News Sentiment

PHX Energy Services has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for PHX Energy Services this week, compared to 4 articles on an average week.

Search Interest

Only 9 people have searched for PHX on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

2 people have added PHX Energy Services to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, PHX Energy Services insiders have bought 6.42% more of their company's stock than they have sold. Specifically, they have bought C$620,562.00 in company stock and sold C$583,146.00 in company stock.

Percentage Held by Insiders

11.86% of the stock of PHX Energy Services is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 20.26% of the stock of PHX Energy Services is held by institutions.

PHX Stock Analysis - Frequently Asked Questions

How have PHX shares performed this year?

PHX Energy Services' stock was trading at C$8.10 at the beginning of the year. Since then, PHX shares have increased by 19.6% and is now trading at C$9.69.
View the best growth stocks for 2024 here.

How were PHX Energy Services' earnings last quarter?

PHX Energy Services Corp. (TSE:PHX) posted its earnings results on Tuesday, August, 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. The business had revenue of $154.23 million for the quarter, compared to the consensus estimate of $149 million. PHX Energy Services had a net margin of 13.50% and a trailing twelve-month return on equity of 42.04%.

How do I buy shares of PHX Energy Services?

Shares of PHX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of PHX Energy Services own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PHX Energy Services investors own include Ford Motor (F), Advanced Micro Devices (AMD), Peabody Energy (BTU), General Electric (GE), Taiwan Semiconductor Manufacturing (TSM), Whitecap Resources (WCP) and Assertio (ASRT).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Today: 10/22/2024
• Next Earnings (Estimated): 11/05/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Drilling
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: TSE:PHX
• CUSIP: N/A
• CIK: N/A
• Web: www.phxtech.com
• Phone: +1-403-5434466
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$11.42
• High Stock Price Target: C$11.75
• Low Stock Price Target: C$11.00
• Potential Upside/Downside: +19.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.83
• Trailing P/E Ratio: 5.30
• Forward P/E Ratio: 7.82
• P/E Growth: N/A
• Net Income: C$88.42 million
• Net Margins: 13.50%
• Pretax Margin: N/A
• Return on Equity: 42.04%
• Return on Assets: 10.65%

Debt

• Debt-to-Equity Ratio: 20.51
• Current Ratio: 1.62
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: C$655.05 million
• Price / Sales: 0.69
• Cash Flow: C$0.67 per share
• Price / Cash Flow: 14.37
• Book Value: C$4.74 per share
• Price / Book: 2.04

Miscellaneous

• Outstanding Shares: 46,530,000
• Free Float: N/A
• Market Cap: C$450.88 million
• Optionable: Not Optionable
• Beta: 2.32