PHX Stock Overview
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.
PHX Energy Services Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$5.25|
|52 Week High||CA$7.50|
|52 Week Low||CA$3.94|
|1 Month Change||17.45%|
|3 Month Change||-19.73%|
|1 Year Change||18.51%|
|3 Year Change||118.75%|
|5 Year Change||208.82%|
|Change since IPO||14.13%|
Recent News & Updates
Is There An Opportunity With PHX Energy Services Corp.'s (TSE:PHX) 50% Undervaluation?
Does the July share price for PHX Energy Services Corp. ( TSE:PHX ) reflect what it's really worth? Today, we will...
|PHX||CA Energy Services||CA Market|
Return vs Industry: PHX underperformed the Canadian Energy Services industry which returned 22.2% over the past year.
Return vs Market: PHX exceeded the Canadian Market which returned -1.9% over the past year.
|PHX Average Weekly Movement||8.4%|
|Energy Services Industry Average Movement||8.4%|
|Market Average Movement||10.8%|
|10% most volatile stocks in CA Market||19.4%|
|10% least volatile stocks in CA Market||4.4%|
Stable Share Price: PHX is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: PHX's weekly volatility (8%) has been stable over the past year.
About the Company
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.
PHX Energy Services Fundamentals Summary
|PHX fundamental statistics|
Is PHX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PHX income statement (TTM)|
|Cost of Revenue||CA$323.02m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.27|
|Net Profit Margin||3.48%|
How did PHX perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Is PHX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PHX?
Other financial metrics that can be useful for relative valuation.
|What is PHX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PHX's PE Ratio compare to its peers?
|PHX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WRG Western Energy Services
SDI Stampede Drilling
CMG Computer Modelling Group
NOA North American Construction Group
PHX PHX Energy Services
Price-To-Earnings vs Peers: PHX is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the peer average (14x).
Price to Earnings Ratio vs Industry
How does PHX's PE Ratio compare vs other companies in the North American Energy Services Industry?
Price-To-Earnings vs Industry: PHX is expensive based on its Price-To-Earnings Ratio (19.4x) compared to the Canadian Energy Services industry average (16.8x)
Price to Earnings Ratio vs Fair Ratio
What is PHX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||19.4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PHX's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PHX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PHX (CA$5.25) is trading below our estimate of fair value (CA$12.14)
Significantly Below Fair Value: PHX is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is PHX Energy Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PHX's forecast earnings growth is above the savings rate (1.6%).
Earnings vs Market: Insufficient data to determine if PHX's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if PHX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PHX's revenue (19.1% per year) is forecast to grow faster than the Canadian market (6% per year).
High Growth Revenue: PHX's revenue (19.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PHX's Return on Equity is forecast to be high in 3 years time (30.3%)
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How has PHX Energy Services performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PHX has a large one-off gain of CA$15.4M impacting its March 31 2022 financial results.
Growing Profit Margin: PHX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PHX has become profitable over the past 5 years, growing earnings by 66% per year.
Accelerating Growth: PHX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PHX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-8.8%).
Return on Equity
High ROE: PHX's Return on Equity (10.1%) is considered low.
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How is PHX Energy Services's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PHX's short term assets (CA$146.0M) exceed its short term liabilities (CA$92.3M).
Long Term Liabilities: PHX's short term assets (CA$146.0M) exceed its long term liabilities (CA$46.9M).
Debt to Equity History and Analysis
Debt Level: PHX has more cash than its total debt.
Reducing Debt: PHX's debt to equity ratio has reduced from 6.9% to 2.8% over the past 5 years.
Debt Coverage: PHX's debt is well covered by operating cash flow (1063.9%).
Interest Coverage: PHX's interest payments on its debt are not well covered by EBIT (1.1x coverage).
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What is PHX Energy Services's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PHX's dividend (5.71%) is higher than the bottom 25% of dividend payers in the Canadian market (1.96%).
High Dividend: PHX's dividend (5.71%) is in the top 25% of dividend payers in the Canadian market (5.36%)
Stability and Growth of Payments
Stable Dividend: PHX's dividend payments have been volatile in the past 10 years.
Growing Dividend: PHX's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (72%), PHX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: PHX is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Hooks (64 yo)
Mr. John Michael Hooks serves as Director at Crew Energy Inc. since April 8, 2022. He has been the Chief Executive Officer of PHX Energy Services Corp., since 1995 and served as its President since 1995 un...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.04M) is above average for companies of similar size in the Canadian market ($USD705.66K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: PHX's management team is seasoned and experienced (15.3 years average tenure).
Experienced Board: PHX's board of directors are seasoned and experienced ( 11.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PHX insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
PHX Energy Services Corp.'s employee growth, exchange listings and data sources
- Name: PHX Energy Services Corp.
- Ticker: PHX
- Exchange: TSX
- Founded: 1995
- Industry: Oil and Gas Drilling
- Sector: Energy
- Implied Market Cap: CA$264.865m
- Shares outstanding: 50.45m
- Website: https://www.phxtech.com
Number of Employees
- PHX Energy Services Corp.
- 250 2nd Street SW
- Suite 1400
- T2P 0C1
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/06 00:00|
|End of Day Share Price||2022/08/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.