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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PHX Energy Services in the last year. There are currently 4 buy ratings 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 .

What is PHX Energy Services' stock price target for 2024?

4 brokerages have issued 1-year target prices for PHX Energy Services' stock. Their PHX share price targets range from C$11.00 to C$12.00. On average, they anticipate the company's share price to reach C$11.50 in the next year. This suggests a possible upside of 26.8% 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 2024?

PHX Energy Services' stock was trading at C$8.10 at the beginning of 2024. Since then, PHX stock has increased by 12.0% and is now trading at C$9.07. View the best growth stocks for 2024 here .

When is PHX Energy Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our PHX earnings forecast .

How were PHX Energy Services' earnings last quarter?

PHX Energy Services Corp. (TSE:PHX) announced its earnings results on Tuesday, February, 27th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.40 by $0.28. The company earned $165.33 million during the quarter, compared to the consensus estimate of $158.50 million. PHX Energy Services had a trailing twelve-month return on equity of 50.97% and a net margin of 15.02%.

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

PHX Energy Services declared a quarterly dividend on Friday, March 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.20 per share on Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Wednesday, March 27th. 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$0.80 per share and currently has a dividend yield of 8.76%. PHX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.82%. This payout ratio is at a healthy, sustainable level, below 75%. 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) .

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 .

TSE:PHX

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

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Free PHX Stock Alerts

C$9.07

-0.14 (-1.52%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$8.97
▼
C$9.25
50-Day Range: C$8.85
▼
C$9.65
52-Week Range: C$5.58
▼
C$9.78

Volume: 62,070 shs
Average Volume: 76,904 shs
Market Capitalization: C$429.28 million

P/E Ratio: 4.63
Dividend Yield: 8.82%
Price Target: C$11.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get PHX Energy Services alerts:

PHX Energy Services MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 26.8% Upside
C$11.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.59
Based on 6 Articles This Week
Insider Trading: Selling Shares
C$1.16 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.54 out of 5 stars

3.5

Analyst's Opinion

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 4 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
PHX Energy Services has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PHX.

2.5

Dividend Strength

Dividend Leadership
PHX Energy Services is a leading dividend payer. It pays a dividend yield of 8.76%, 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 40.82%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PHX.

3.7

News and Social Media Coverage

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 0.37 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for PHX Energy Services this week, compared to 5 articles on an average week.
Search Interest
11 people have searched for PHX on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
2 people have added PHX Energy Services to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PHX Energy Services insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,162,762.00 in company stock.
Percentage Held by Insiders
12.17% 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 27.37% of the stock of PHX Energy Services is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PHX Energy Services is 4.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of PHX Energy Services is 4.63, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.54.
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.

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About PHX Energy Services Stock (TSE:PHX)

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.

PHX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PHX Stock News Headlines

April 5, 2024 | insidertrades.com

John Michael Hooks Sells 71,800 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

March 21, 2024 | insidertrades.com

Insider Selling: PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells 28,600 Shares of Stock

April 16, 2024 | InvestorPlace (Ad)

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March 19, 2024 | insidertrades.com

Jeffery John Shafer Sells 18,300 Shares of PHX Energy Services Corp. (TSE:PHX) Stock

March 16, 2024 | insidertrades.com

Insider Selling: PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells 10,500 Shares of Stock

March 16, 2024 | insidertrades.com

PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$89,700.00 in Stock

April 15, 2024 | msn.com

Phoenix Motor expects to generate Q1 revenue in range of $8 million to $9 million

April 13, 2024 | msn.com

The downballot races that could transform energy policy in Arizona and Nebraska

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April 11, 2024 | americanbankingnews.com

PHX Energy Services (TSE:PHX) Stock Price Crosses Above 200-Day Moving Average of $8.55

April 10, 2024 | usnews.com

Best HVAC Companies in Phoenix, Arizona

April 10, 2024 | usatoday.com

Phoenix Suns' Kiss Cam provides much-needed distraction in loss to Los Angeles Clippers

April 9, 2024 | money.usnews.com

GM's Cruise to Resume Robotaxi Tests in Phoenix, Arizona, Bloomberg News Reports

April 8, 2024 | msn.com

Was it basketball or a party? Either way, Phoenix needs more games like this

April 5, 2024 | bizjournals.com

Minneapolis law firm's Phoenix office sees tenfold growth in just two years

April 5, 2024 | msn.com

Shooting in south Phoenix leaves 1 dead, 1 hurt, car crashed into home

April 2, 2024 | financialpost.com

John M. Hooks Decreases Ownership of PHX Energy Services Corp. Below 10%

April 2, 2024 | tmcnet.com

MHX Expands Operations to Phoenix, AZ, Strengthening West Coast Presence to Support Customer Growth in New Markets

March 27, 2024 | markets.businessinsider.com

Commonwealth Development Corporation and WNC & Associates Announce Development of Affordable Housing Community in Phoenix, Ore.

March 26, 2024 | yahoo.com

Nonstop flights to Phoenix coming to Norfolk International Airport by end of year

March 26, 2024 | bizjournals.com

LG Energy Solution secures critical financing for huge Arizona battery plant

March 22, 2024 | msn.com

Phoenix Group Holdings reports FY results

March 22, 2024 | finance.yahoo.com

Only Four Days Left To Cash In On PHX Energy Services' (TSE:PHX) Dividend

March 21, 2024 | usatoday.com

10 best air conditioning repair companies in Phoenix, Arizona

March 21, 2024 | news.yahoo.com

Phoenix Open refunds 2,800 fans as data shows police were called every 3 minutes at peak

March 19, 2024 | msn.com

AC weather is almost here so here’s how to save on your energy bill

March 18, 2024 | news.yahoo.com

Yassamin Ansari resigns from Phoenix City Council; replacement to be picked in April

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Drilling
Sub-Industry: N/A
Current Symbol: TSE:PHX
CUSIP: N/A
CIK: N/A
Web: www.phxtech.com
Phone: +1-403-5434466
Fax: N/A
Employees: 920
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$11.50
High Stock Price Target: C$12.00
Low Stock Price Target: C$11.00
Potential Upside/Downside: +26.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.96
Trailing P/E Ratio: 4.63
Forward P/E Ratio: 7.06
P/E Growth: N/A
Net Income: C$98.58 million
Net Margins: 15.02%
Pretax Margin: N/A
Return on Equity: 50.97%
Return on Assets: 12.48%

Debt

Debt-to-Equity Ratio: 21.32
Current Ratio: 1.83
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: C$656.34 million
Price / Sales: 0.65
Cash Flow: C$0.63 per share
Price / Cash Flow: 14.37
Book Value: C$4.44 per share
Price / Book: 2.04

Miscellaneous

Outstanding Shares: 47,330,000
Free Float: N/A
Market Cap: C$429.28 million
Optionable: Not Optionable
Beta: 2.38

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Key Executives

Mr. John Michael Hooks (Age 66)
Chairman & CEO
Comp: $2.75M
Mr. Michael Buker (Age 55)
President
Comp: $2.85M
Mr. Cameron Michael Ritchie C.A. (Age 62)
Senior VP of Finance, CFO & Corporate Secretary
Comp: $2.07M
Mr. Craig Brown (Age 52)
Senior Vice President of Engineering & Technology
Comp: $1.52M
Mr. Jeffery John Shafer (Age 49)
Senior Vice President of Sales & Marketing
Comp: $1.53M

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PHX Stock Analysis - Frequently Asked Questions

Should I buy or sell PHX Energy Services stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PHX Energy Services in the last year. There are currently 4 buy ratings 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.
What is PHX Energy Services' stock price target for 2024?: 4 brokerages have issued 1-year target prices for PHX Energy Services' stock. Their PHX share price targets range from C$11.00 to C$12.00. On average, they anticipate the company's share price to reach C$11.50 in the next year. This suggests a possible upside of 26.8% 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 2024?: PHX Energy Services' stock was trading at C$8.10 at the beginning of 2024. Since then, PHX stock has increased by 12.0% and is now trading at C$9.07.
View the best growth stocks for 2024 here.
When is PHX Energy Services' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our PHX earnings forecast.
How were PHX Energy Services' earnings last quarter?: PHX Energy Services Corp. (TSE:PHX) announced its earnings results on Tuesday, February, 27th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.40 by $0.28. The company earned $165.33 million during the quarter, compared to the consensus estimate of $158.50 million. PHX Energy Services had a trailing twelve-month return on equity of 50.97% and a net margin of 15.02%.

How often does PHX Energy Services pay dividends? What is the dividend yield for PHX Energy Services?: PHX Energy Services declared a quarterly dividend on Friday, March 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.20 per share on Monday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Wednesday, March 27th.
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$0.80 per share and currently has a dividend yield of 8.76%. PHX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 40.82%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
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.

This page (TSE:PHX) was last updated on 4/16/2024 by MarketBeat.com Staff

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

PHX Energy Services MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PHX Energy Services Stock (TSE:PHX)

PHX Stock Price History

PHX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

PHX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™