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PHX Energy Services

TSX:PHX
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PHX
TSX
CA$196M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

PHX Energy Services Corp., through its subsidiaries, 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, and Albania. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • PHX Energy Services has significant price volatility in the past 3 months.
PHX Share Price and Events
7 Day Returns
-0.3%
TSX:PHX
1.8%
CA Energy Services
0.6%
CA Market
1 Year Returns
48.9%
TSX:PHX
-17%
CA Energy Services
3.4%
CA Market
PHX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PHX Energy Services (PHX) -0.3% 7.3% 33.1% 48.9% 30% -77.6%
CA Energy Services 1.8% 3.4% 8.9% -17% -7% -64%
CA Market 0.6% 2.7% 8.3% 3.4% 15.7% 7.1%
1 Year Return vs Industry and Market
  • PHX outperformed the Energy Services industry which returned -17% over the past year.
  • PHX outperformed the Market in Canada which returned 3.4% over the past year.
Price Volatility
PHX
Industry
5yr Volatility vs Market

Value

 Is PHX Energy Services undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PHX Energy Services to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PHX Energy Services.

TSX:PHX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:PHX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.169 (1 + (1- 26.5%) (12.85%))
1.187
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.187 * 5.96%)
9.02%

Discounted Cash Flow Calculation for TSX:PHX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PHX Energy Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:PHX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.02%)
2019 26.73 Analyst x3 24.52
2020 36.63 Analyst x3 30.82
2021 44.84 Est @ 22.41% 34.61
2022 52.14 Est @ 16.27% 36.91
2023 58.38 Est @ 11.97% 37.91
2024 63.62 Est @ 8.97% 37.89
2025 67.98 Est @ 6.86% 37.14
2026 71.65 Est @ 5.39% 35.90
2027 74.77 Est @ 4.35% 34.36
2028 77.48 Est @ 3.63% 32.67
Present value of next 10 years cash flows CA$342.73
TSX:PHX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$77.48 × (1 + 1.95%) ÷ (9.02% – 1.95%)
CA$1,116.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,116.65 ÷ (1 + 9.02%)10
CA$470.79
TSX:PHX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$342.73 + CA$470.79
CA$813.52
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$813.52 / 57.96
CA$14.03
TSX:PHX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$14.03
Current discount Discount to share price of CA$3.38
= -1 x (CA$3.38 - CA$14.03) / CA$14.03
75.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PHX Energy Services is available for.
Intrinsic value
>50%
Share price is CA$3.38 vs Future cash flow value of CA$14.03
Current Discount Checks
For PHX Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PHX Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PHX Energy Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PHX Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PHX Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PHX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.33
TSX:PHX Share Price ** TSX (2019-04-23) in CAD CA$3.38
Canada Energy Services Industry PE Ratio Median Figure of 15 Publicly-Listed Energy Services Companies 18.02x
Canada Market PE Ratio Median Figure of 557 Publicly-Listed Companies 14.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PHX Energy Services.

TSX:PHX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PHX Share Price ÷ EPS (both in CAD)

= 3.38 ÷ -0.33

-10.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PHX Energy Services is loss making, we can't compare its value to the CA Energy Services industry average.
  • PHX Energy Services is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does PHX Energy Services's expected growth come at a high price?
Raw Data
TSX:PHX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
130.2%per year
Canada Energy Services Industry PEG Ratio Median Figure of 12 Publicly-Listed Energy Services Companies 1.26x
Canada Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PHX Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PHX Energy Services's assets?
Raw Data
TSX:PHX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$2.91
TSX:PHX Share Price * TSX (2019-04-23) in CAD CA$3.38
Canada Energy Services Industry PB Ratio Median Figure of 42 Publicly-Listed Energy Services Companies 0.96x
Canada Market PB Ratio Median Figure of 2,380 Publicly-Listed Companies 1.51x
TSX:PHX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PHX Share Price ÷ Book Value per Share (both in CAD)

= 3.38 ÷ 2.91

1.16x

* Primary Listing of PHX Energy Services.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PHX Energy Services is overvalued based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess PHX Energy Services's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. PHX Energy Services has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PHX Energy Services expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
130.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PHX Energy Services expected to grow at an attractive rate?
  • PHX Energy Services's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • PHX Energy Services's earnings growth is expected to exceed the Canada market average.
  • PHX Energy Services's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PHX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PHX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 130.2%
TSX:PHX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.4%
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 40.4%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PHX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PHX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 361 48 3 4
2019-12-31 338 42 -2 3
TSX:PHX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 317 13 -19
2018-09-30 285 26 -6
2018-06-30 266 6 -10
2018-03-31 251 11 -21
2017-12-31 241 0 -24
2017-09-30 227 -10 -33
2017-06-30 197 4 -43
2017-03-31 169 -6 -46
2016-12-31 148 5 -47
2016-09-30 158 23 -35
2016-06-30 191 34 -49
2016-03-31 223 42 -44

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PHX Energy Services's earnings are expected to grow significantly at over 20% yearly.
  • PHX Energy Services's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PHX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from PHX Energy Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PHX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.05 0.13 -0.05 3.00
2019-12-31 -0.09 -0.01 -0.16 2.00
TSX:PHX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.33
2018-09-30 -0.09
2018-06-30 -0.17
2018-03-31 -0.35
2017-12-31 -0.41
2017-09-30 -0.60
2017-06-30 -0.81
2017-03-31 -0.93
2016-12-31 -1.01
2016-09-30 -0.80
2016-06-30 -1.18
2016-03-31 -1.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PHX Energy Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PHX Energy Services's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PHX Energy Services has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PHX Energy Services performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PHX Energy Services's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PHX Energy Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PHX Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PHX Energy Services's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
PHX Energy Services's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PHX Energy Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PHX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 317.14 -18.95 41.47 3.35
2018-09-30 285.46 -5.72 40.48 3.31
2018-06-30 265.82 -10.31 35.26 2.76
2018-03-31 250.64 -20.64 33.77 2.73
2017-12-31 241.00 -23.53 32.46 2.46
2017-09-30 226.97 -33.48 32.66 2.33
2017-06-30 196.54 -43.31 33.05 2.62
2017-03-31 169.07 -46.26 32.16 2.08
2016-12-31 148.40 -46.52 31.63 2.00
2016-09-30 157.91 -35.22 29.18 1.83
2016-06-30 191.17 -49.06 28.84 1.86
2016-03-31 223.30 -44.00 29.69 1.95
2015-12-31 286.78 -42.49 35.58 2.29
2015-09-30 383.52 -37.49 42.00 1.37
2015-06-30 454.27 0.05 48.16 1.67
2015-03-31 496.26 7.28 54.95 2.02
2014-12-31 521.47 21.99 56.98 1.99
2014-09-30 484.13 43.03 56.40 2.98
2014-06-30 452.13 40.75 53.64 2.51
2014-03-31 417.13 37.07 47.56 2.31
2013-12-31 380.66 36.57 43.44 2.00
2013-09-30 344.59 18.84 38.60 1.76
2013-06-30 321.68 15.94 36.65 1.88
2013-03-31 314.62 18.04 36.45 1.97
2012-12-31 301.72 17.71 34.47 1.99
2012-09-30 295.85 18.24 34.52 2.17
2012-06-30 289.77 19.32 33.86 2.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PHX Energy Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PHX Energy Services has efficiently used its assets last year compared to the CA Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PHX Energy Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PHX Energy Services's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PHX Energy Services has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PHX Energy Services's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PHX Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PHX Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PHX Energy Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PHX Energy Services's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PHX Energy Services Company Filings, last reported 3 months ago.

TSX:PHX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 168.41 25.17 3.64
2018-09-30 181.94 9.75 5.72
2018-06-30 181.12 15.25 8.35
2018-03-31 180.16 21.70 4.53
2017-12-31 181.54 19.62 4.12
2017-09-30 186.12 21.02 1.63
2017-06-30 189.64 6.16 4.28
2017-03-31 201.97 14.00 2.80
2016-12-31 178.39 35.05 7.01
2016-09-30 189.58 28.87 2.59
2016-06-30 197.82 26.36 2.21
2016-03-31 186.70 50.71 1.50
2015-12-31 200.94 60.00 9.01
2015-09-30 202.09 70.30 2.87
2015-06-30 222.14 71.46 3.40
2015-03-31 199.48 112.86 8.66
2014-12-31 199.96 110.02 3.02
2014-09-30 207.21 115.35 9.44
2014-06-30 199.00 90.60 9.04
2014-03-31 203.37 91.38 9.31
2013-12-31 198.48 70.63 5.66
2013-09-30 121.43 111.32 4.29
2013-06-30 114.58 120.08 7.31
2013-03-31 121.15 107.75 6.26
2012-12-31 115.09 100.90 4.33
2012-09-30 113.36 99.20 4.30
2012-06-30 112.44 83.77 12.27
  • PHX Energy Services's level of debt (14.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.7% vs 14.9% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • PHX Energy Services has less than a year of cash runway based on current free cash flow.
  • PHX Energy Services has less than a year of cash runway if free cash flow continues to grow at historical rates of 89.4% each year.
X
Financial health checks
We assess PHX Energy Services's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PHX Energy Services has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PHX Energy Services's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from PHX Energy Services dividends. Estimated to be 0% next year.
If you bought CA$2,000 of PHX Energy Services shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate PHX Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PHX Energy Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PHX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PHX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
TSX:PHX Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-11-03 0.000 0.000
2017-08-04 0.000 0.000
2017-08-03 0.000 0.000
2017-05-04 0.000 0.000
2017-05-03 0.000 0.000
2017-02-24 0.000 0.000
2017-02-23 0.000 0.000
2016-11-10 0.000 0.000
2016-08-05 0.000 0.000
2016-08-04 0.000 0.000
2016-05-06 0.000 0.000
2016-05-04 0.000 0.000
2015-09-10 0.000 0.000
2015-08-14 0.210 5.667
2015-07-15 0.210 4.623
2015-06-15 0.210 3.821
2015-05-07 0.210 3.493
2015-04-15 0.420 5.851
2015-03-13 0.420 5.769
2015-02-13 0.840 11.298
2015-01-15 0.840 13.008
2014-12-15 0.840 12.272
2014-11-14 0.840 9.034
2014-10-15 0.840 7.130
2014-09-15 0.840 6.377
2014-08-15 0.840 5.637
2014-07-15 0.840 5.365
2014-06-13 0.840 5.030
2014-05-15 0.840 5.219
2014-04-15 0.840 5.499
2014-03-14 0.840 6.164
2014-02-14 0.840 6.370
2014-01-15 0.840 6.956
2013-12-13 0.840 6.826
2013-10-30 0.840 6.712
2013-10-15 0.720 6.427
2013-09-13 0.720 6.610
2013-08-15 0.720 6.872
2013-07-15 0.720 6.431
2013-06-14 0.720 6.691
2013-05-15 0.720 6.925
2013-04-15 0.720 7.400
2013-03-15 0.720 7.673
2013-02-15 0.720 7.932
2013-01-15 0.720 7.706
2012-12-14 0.720 7.832
2012-10-15 0.720 7.966
2012-09-14 0.720 8.254
2012-08-15 0.720 8.902
2012-07-13 0.720 8.967
2012-06-15 0.720 8.841
2012-05-15 0.720 8.076
2012-04-13 0.720 7.620
2012-02-29 0.720 6.805
2012-02-15 0.480 4.760
2012-01-13 0.480 4.717
2011-12-15 0.480 4.534
2011-11-15 0.480 4.574
2011-10-14 0.480 4.763
2011-09-15 0.480 5.231
2011-08-15 0.480 4.892
2011-07-15 0.480 4.648
2011-06-15 0.480 4.324
2011-05-13 0.480 3.979
2011-01-04 0.480 3.632
2010-12-15 0.480 3.648
2010-11-15 0.480 4.107
2010-10-15 0.480 4.456
2010-09-15 0.480 4.747
2010-08-13 0.480 5.083
2010-07-15 0.480 5.433
2010-06-15 0.480 5.734
2010-05-14 0.480 5.876
2010-04-15 0.480 5.131
2010-03-15 0.480 4.993
2010-02-12 0.480 4.864
2010-01-15 0.480 5.639
2009-11-13 0.480 6.027
2009-10-14 0.480 6.084
2009-09-15 1.020 13.297
2009-08-14 1.020 14.635
2009-07-15 1.020 13.383
2009-06-15 1.020 13.065
2009-05-15 1.020 12.627
2009-04-27 1.020 12.512

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as PHX Energy Services has not reported any payouts.
  • Unable to verify if PHX Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PHX Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PHX Energy Services has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of PHX Energy Services's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess PHX Energy Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PHX Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PHX Energy Services has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PHX Energy Services's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Hooks
COMPENSATION CA$2,056,936
AGE 60
TENURE AS CEO 24.3 years
CEO Bio

Mr. John Michael Hooks has been the Chief Executive Officer and President at Phoenix Technology Income Fund since 1995. In 1985, Mr. Hooks founded Thread Tech Energy Systems Ltd., and serves as its Chief Executive Officer and President. He has been the Chief Executive Officer of PHX Energy Services Corp, since 1995 and served as its President since 1995 until March 16, 2015. He has over thirty years of experience in the Canadian and international oil and gas service industry, including operations, senior management and ownership positions with companies such as Fiberspar Canada Inc., and Slave River Exploration Ltd. He served as the Chairman of the Board of Phoenix Technology Income Fund from 2000 to 2004 and as Chief Executive Officer and President from 1995 to June 2004. He served as the President of Threadtech Tubular Products Ltd. from 1985 to December 2001. He owned Fiberspar Canada Inc. He has been the Chairman of Phoenix Technology Income Fund since 2000 and also its Director since November 17, 1995. He has been the Chairman of PHX Energy Services Corp. since 2000 and has been its Director since November 17, 1995. He has been an Independent Director of Canadian Energy Services Inc., Managing Partner of Canadian Energy Services L.P. since December 9, 2005. He has been an Independent Director at CES Energy Solutions Corp. (formerly known as Canadian Energy Services & Technology Corp.) since December 9, 2005 and RMS Systems, Inc. since June 2012. He serves on the Board of Directors of numerous private companies, including Sebring Energy Inc. He served as a Director of NX Capital Corp. from October 1998 to May 2005. He served as an Independent Director of Savanna Energy Services Corp. since June 29, 2005 until April 5, 2017. He is well recognized as an innovator and entrepreneur within the industry.

CEO Compensation
  • John's compensation has increased whilst company is loss making.
  • John's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the PHX Energy Services management team in years:

11.9
Average Tenure
49
Average Age
  • The average tenure for the PHX Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Hooks

TITLE
Chairman & CEO
COMPENSATION
CA$2M
AGE
60
TENURE
24.3 yrs

Mike Buker

TITLE
President
COMPENSATION
CA$2M
AGE
49
TENURE
4.1 yrs

Cameron Ritchie

TITLE
Senior VP of Finance
COMPENSATION
CA$1M
AGE
56
TENURE
21.3 yrs

Craig Brown

TITLE
Senior Vice President of International Operations & Technology
COMPENSATION
CA$1M
AGE
46
TENURE
7.6 yrs

Jeff Shafer

TITLE
Senior Vice President Sales & Marketing
COMPENSATION
CA$1M
AGE
43
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure and age of the PHX Energy Services board of directors in years:

9
Average Tenure
60
Average Age
  • The tenure for the PHX Energy Services board of directors is about average.
Board of Directors

Judith Athaide

TITLE
Director
COMPENSATION
CA$102K
AGE
55
TENURE
9.9 yrs

John Hooks

TITLE
Chairman & CEO
COMPENSATION
CA$2M
AGE
60
TENURE
19.3 yrs

Larry Hibbard

TITLE
Director
COMPENSATION
CA$107K
AGE
69
TENURE
8.2 yrs

Roger Thomas

TITLE
Director
COMPENSATION
CA$104K
AGE
65
TENURE
6.8 yrs

Myron Tétreault

TITLE
Lead Director
COMPENSATION
CA$112K
AGE
51

Randy Charron

TITLE
Independent Director
COMPENSATION
CA$95K
AGE
63
TENURE
16.4 yrs

Terry Freeman

TITLE
Director
COMPENSATION
CA$67K
AGE
58
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • PHX Energy Services insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Mar 19 Sell Cameron Ritchie Individual 01. Mar 19 01. Mar 19 -5,263 CA$2.69 CA$-14,076
21. Jan 19 Buy John Hooks Individual 18. Jan 19 18. Jan 19 5,500 CA$2.65 CA$14,549
18. Jan 19 Buy John Hooks Individual 15. Jan 19 16. Jan 19 14,100 CA$2.75 CA$37,290
16. Jan 19 Buy Craig Brown Individual 14. Jan 19 14. Jan 19 4,000 CA$2.70 CA$10,784
16. Jan 19 Buy Michael Buker Individual 14. Jan 19 14. Jan 19 1,000 CA$2.72 CA$2,720
31. Jul 18 Buy Craig Brown Individual 17. May 18 18. May 18 23,300 CA$2.00 CA$46,597
04. Jun 18 Buy John Hooks Individual 17. May 18 17. May 18 3,300 CA$1.95 CA$6,435
X
Management checks
We assess PHX Energy Services's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PHX Energy Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought PHX Energy Services (TSE:PHX) Stock Five Years Ago, You'd Be Sitting On A 75% Loss, Today

PHX Energy Services isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years PHX Energy Services saw its revenue shrink by 17% per year. … So it's not altogether surprising to see the share price down 24% per year in the same time period.

Simply Wall St -

Are PHX Energy Services Corp.'s (TSE:PHX) Interest Costs Too High?

(TSE:PHX) with its market cap of CA$174m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Do Insiders Own Shares In PHX Energy Services Corp. (TSE:PHX)?

If you want to know who really controls PHX Energy Services Corp. … With a market capitalization of CA$146m, PHX Energy Services is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for PHX Energy Services

Simply Wall St -

Who Has Been Buying PHX Energy Services Corp. (TSE:PHX) Shares?

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In total, PHX Energy Services insiders bought more than they sold over the last year

Simply Wall St -

Our Take On PHX Energy Services Corp's (TSE:PHX) CEO Salary

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does John Hooks's Compensation Compare With Similar Sized Companies. … According to our data, PHX Energy Services Corp has a market capitalization of CA$166m, and pays its CEO total annual compensation worth CA$1.9m.

Simply Wall St -

What Kind Of Investor Owns Most Of PHX Energy Services Corp (TSE:PHX)?

Every investor in PHX Energy Services Corp (TSE:PHX) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$175m, PHX Energy Services is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for PHX Energy Services

Simply Wall St -

PHX Energy Services Corp's (TSE:PHX) Shift From Loss To Profit

PHX Energy Services Corp., through its subsidiaries, provides horizontal and directional drilling technology and services to oil and natural gas producing companies in Canada, the United States, Albania, and Russia. … The CA$166.1m market-cap company’s loss lessens since it announced a -CA$23.5m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -CA$10.3m, as it approaches breakeven. … View our latest analysis for PHX Energy Services

Simply Wall St -

How Financially Strong Is PHX Energy Services Corp (TSE:PHX)?

PHX Energy Services Corp (TSE:PHX) is a small-cap stock with a market capitalization of CA$126.45m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Energy Services companies,

Simply Wall St -

Insider Buying: PHX Energy Services And More

PHX Energy Services Corp (TSX:PHX) is one of Canada’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in 168,600 shares during this period. … In total, individual insiders own over 9 million shares in the business, which makes up around 15.2% of total shares outstanding. … The Bank of Nova Scotia (TSX:BNS) is one of Canada’s large-cap stocks that saw some insider buying over the past three months, with insiders investing in 2,000 shares during this period.

Simply Wall St -

PHX Energy Services And Other Great Growth Stocks

PHX’s projected future profit growth is an exceptional 95.05%, with an underlying 22.34% growth from its revenues expected over the upcoming years. … PHX’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. … X’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio.

Simply Wall St -

Company Info

Description

PHX Energy Services Corp., through its subsidiaries, 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, and Albania. It also offers Web-based remote electronic drilling recorder technology and services. The company's offerings include Velocity Real-Time, PowerDrive Orbit Rotary Steerable, P-360 Positive Pulse and E-360 EM measurement while drilling (MWD), 360 clear vision MWD, and 360 resistivity while drilling systems, as well as performance drilling motors. It also provides performance drilling motor rental, survey management, gyro surveying, and streaming 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.

Details
Name: PHX Energy Services Corp.
PHX
Exchange: TSX
Founded: 1995
CA$195,917,373
57,963,720
Website: http://www.phxtech.com
Address: PHX Energy Services Corp.
250 2nd Street SW,
Suite 1400,
Calgary,
Alberta, T2P 0C1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PHX Common Shares The Toronto Stock Exchange CA CAD 27. Sep 1996
OTCPK PHXH.F Common Shares Pink Sheets LLC US USD 27. Sep 1996
BST 7PX Common Shares Boerse-Stuttgart DE EUR 27. Sep 1996
Number of employees
Current staff
Staff numbers
828
PHX Energy Services employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:27
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.