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Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
Average 126% gains – NO losers!?   (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
The Safest Option in Trades! (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
Average 126% gains – NO losers!?   (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
The Safest Option in Trades! (Ad)pixel
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Why Invest in High-Yield Dividend Stocks?
The 2 Dow Stocks with Decade-Long Win Streaks on the Line
3 Stable Growth Stocks for Bumpy Times
Average 126% gains – NO losers!?   (Ad)pixel
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
The Safest Option in Trades! (Ad)pixel
TSE:PHX

PHX Energy Services - PHX Stock Forecast, Price & News

C$6.57
+0.32 (+5.12%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
C$6.35
C$6.68
50-Day Range
C$4.22
C$6.71
52-Week Range
C$3.94
C$7.50
Volume
235,354 shs
Average Volume
102,009 shs
Market Capitalization
C$332.05 million
P/E Ratio
29.86
Dividend Yield
4.80%
Price Target
C$10.83

PHX Energy Services MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
64.9% Upside
C$10.83 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.94mentions of PHX Energy Services in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$665,473 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

PHX stock logo

About PHX Energy Services (TSE:PHX) Stock

PHX Energy Services Corp. provides horizontal and directional drilling technology and services to oil and natural gas exploration and development, and production companies in Canada, the United States, Russia, Albania, and the Middle East. It offers Velocity Real-Time System, a ground-breaking technology that offers downhole guidance systems; Atlas Motors, a high-performance drilling motors; PowerDrive Orbit RSS, a rotary steerable system; P-360 Positive Pulse MWD System, a measurement while drilling (MWD) tool; and E-360 EM MWD System, an 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, as well as performance drilling motors. In addition, it provides survey management, gyro surveying, and directional drilling and motor rentals. 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PHX shares. BMO Capital Markets boosted their price target on shares of PHX Energy Services from C$9.50 to C$10.00 in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of PHX Energy Services from C$9.50 to C$11.00 in a report on Wednesday. Finally, ATB Capital boosted their price target on shares of PHX Energy Services from C$9.50 to C$11.50 in a report on Wednesday.

PHX Energy Services Trading Up 6.1 %

Shares of PHX Stock traded up C$0.38 during trading hours on Thursday, reaching C$6.63. 186,880 shares of the stock traded hands, compared to its average volume of 101,621. PHX Energy Services has a 1-year low of C$3.94 and a 1-year high of C$7.50. The business has a fifty day moving average price of C$5.31 and a 200 day moving average price of C$5.88. The company has a quick ratio of 1.10, a current ratio of 1.58 and a debt-to-equity ratio of 28.95. The firm has a market capitalization of C$335.09 million and a PE ratio of 29.91.

Insider Buying and Selling at PHX Energy Services

In related news, Senior Officer Michael Leslie Buker acquired 5,000 shares of the company's stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$30,650.00. Following the purchase, the insider now owns 313,700 shares in the company, valued at C$1,922,981. In related news, Senior Officer Michael Leslie Buker acquired 5,000 shares of the company's stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of C$6.13 per share, for a total transaction of C$30,650.00. Following the purchase, the insider now owns 313,700 shares in the company, valued at C$1,922,981. Also, Director Lawrence M. Hibbard sold 17,872 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$6.18, for a total transaction of C$110,448.96. Following the completion of the transaction, the director now owns 151,601 shares in the company, valued at approximately C$936,894.18. In the last quarter, insiders have purchased 24,800 shares of company stock worth $137,006 and have sold 107,900 shares worth $665,473.

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PHX Stock News Headlines

PHX Energy Announces Withdrawal from Russia
Phx Energy Services Corp stock boosted on Friday.
Arizona's Running Dry
Phx Energy Services Corp stock raised on Wednesday.
Phoenix Symphony CEO to step down
Pinnacle West Capital Corporation: Maintaining BUY
See More Headlines
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PHX Company Calendar

Today
8/11/2022
Next Earnings (Estimated)
11/02/2022

Industry, Sector and Symbol

Industry
Industrial Metals & Minerals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
707
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$10.83
High Stock Price Forecast
C$11.50
Low Stock Price Forecast
C$10.00
Forecasted Upside/Downside
+64.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$391.94 million
Cash Flow
C$0.28 per share
Book Value
C$2.69 per share

Miscellaneous

Free Float
N/A
Market Cap
C$332.05 million
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. John Michael Hooks (Age 64)
    Chairman & CEO
    Comp: $2.14M
  • Mr. Michael Buker (Age 53)
    Pres
    Comp: $1.97M
  • Mr. Cameron Michael Ritchie C.A. (Age 60)
    CA, Sr. VP of Fin., CFO & Corp. Sec.
    Comp: $1.52M
  • Mr. Craig Brown (Age 50)
    Sr. VP of Engineering & Technology
    Comp: $1.2M
  • Mr. Jeffery John Shafer (Age 47)
    Sr. VP of Sales & Marketing
    Comp: $1.2M













PHX Stock - Frequently Asked Questions

Should I buy or sell PHX Energy Services stock right now?

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

What is PHX Energy Services' stock price forecast for 2022?

1 Wall Street analysts have issued 12-month price targets for PHX Energy Services' shares. Their PHX share price forecasts range from C$10.00 to C$11.50. On average, they expect the company's share price to reach C$10.83 in the next year. This suggests a possible upside of 64.9% from the stock's current price.
View analysts price targets for PHX
or view top-rated stocks among Wall Street analysts.

How have PHX shares performed in 2022?

PHX Energy Services' stock was trading at C$4.46 at the beginning of 2022. Since then, PHX stock has increased by 47.3% and is now trading at C$6.57.
View the best growth stocks for 2022 here
.

When is PHX Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PHX earnings forecast
.

How often does PHX Energy Services pay dividends? What is the dividend yield for PHX Energy Services?

PHX Energy Services announced a quarterly dividend on Tuesday, September 28th. Stockholders of record on Friday, October 15th will be paid a dividend of 0.05 per share on Friday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Tuesday, September 28th. This is a boost from the stock's previous quarterly dividend of C$0.03.
Read our dividend analysis for PHX
.

Is PHX Energy Services a good dividend stock?

PHX Energy Services (TSE:PHX) pays an annual dividend of C$0.20 per share and currently has a dividend yield of 4.80%. PHX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 90.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for PHX.

What other stocks do shareholders of PHX Energy Services own?

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).

What is PHX Energy Services' stock symbol?

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

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 is PHX Energy Services' stock price today?

One share of PHX stock can currently be purchased for approximately C$6.57.

How much money does PHX Energy Services make?

PHX Energy Services (TSE:PHX) has a market capitalization of C$332.05 million and generates C$391.94 million in revenue each year.

How many employees does PHX Energy Services have?

The company employs 707 workers across the globe.

How can I contact PHX Energy Services?

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.

This page (TSE:PHX) was last updated on 8/12/2022 by MarketBeat.com Staff

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