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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PHX Energy Services in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PHX shares.
View PHX analyst ratings or view top-rated stocks.

2 equities research analysts have issued 12-month price targets for PHX Energy Services' stock. Their PHX share price forecasts range from C$11.00 to C$12.50. On average, they expect the company's share price to reach C$11.67 in the next year. This suggests a possible upside of 92.5% from the stock's current price.
View analysts price targets for PHX or view top-rated stocks among Wall Street analysts.

PHX Energy Services' stock was trading at C$7.77 at the start of the year. Since then, PHX shares have decreased by 22.0% and is now trading at C$6.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our PHX earnings forecast.

PHX Energy Services Corp. (TSE:PHX) released its quarterly earnings data on Tuesday, February, 28th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.10. The business earned $157.76 million during the quarter, compared to analyst estimates of $157 million. PHX Energy Services had a net margin of 9.52% and a trailing twelve-month return on equity of 42.19%.

PHX Energy Services announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 31st will be given a dividend of 0.15 per share on Monday, April 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of C$0.05.
Read our dividend analysis for PHX.

PHX Energy Services (TSE:PHX) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 9.63%. PHX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PHX.

Based on aggregate information from My MarketBeat watchlists, some companies that other PHX Energy Services investors own include BlackBerry (BB), Calfrac Well Services (CFW), Chorus Aviation (CHR), Obsidian Energy (OBE), Trican Well Service (TCW), Air Canada (AC), Aurora Cannabis (ACB), Altius Minerals (ALS), Aphria (APHA) and Atlantic Power (ATP).

PHX Energy Services trades on the Toronto Stock Exchange (TSX) under the ticker symbol "PHX."

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.
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One share of PHX stock can currently be purchased for approximately C$6.06.

PHX Energy Services (TSE:PHX) has a market capitalization of C$309.48 million and generates C$592.46 million in revenue each year. The company earns C$69.04 million in net income (profit) each year or C$1.34 on an earnings per share basis.

The company employs 707 workers across the globe.

PHX Energy Services' mailing address is 1400-250 2 St SW, CALGARY, AB T2P 0C1, Canada. The official website for the company is www.phxtech.com. The company can be reached via phone at +1-403-5434466.