TSX:PHX

Stock Analysis Report

PHX Energy Services

Executive Summary

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.

Snowflake

Fundamentals

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has PHX Energy Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

PHX

-1.5%

CA Energy Services

0.1%

CA Market


1 Year Return

-18.3%

PHX

-37.1%

CA Energy Services

1.6%

CA Market

Return vs Industry: PHX exceeded the Canadian Energy Services industry which returned -37.1% over the past year.

Return vs Market: PHX underperformed the Canadian Market which returned 1.6% over the past year.


Shareholder returns

PHXIndustryMarket
7 Day-0.8%-1.5%0.1%
30 Day-14.3%-12.8%-2.9%
90 Day-11.9%-18.8%-1.4%
1 Year-18.3%-18.3%-35.3%-37.1%5.2%1.6%
3 Year-44.3%-44.3%-44.0%-48.0%13.8%3.7%
5 Year-78.5%-80.0%-69.6%-72.9%25.3%7.2%

Price Volatility Vs. Market

How volatile is PHX Energy Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PHX Energy Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PHX (CA$2.45) is trading below our estimate of fair value (CA$21.89)

Significantly Undervalued: PHX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PHX is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: PHX is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate PHX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PHX is overvalued based on its PB Ratio (0.9x) compared to the CA Energy Services industry average (0.7x).


Next Steps

Future Growth

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

131.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PHX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PHX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PHX's revenue is expected to decline over the next 3 years (-0.1% per year).

High Growth Revenue: PHX's revenue is forecast to decline over the next 3 years (-0.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PHX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-25.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PHX is unprofitable, and losses have increased over the past 5 years at a rate of -25.4% per year.

Accelerating Growth: Unable to compare PHX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PHX is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (15.8%).


Return on Equity

High ROE: PHX has a negative Return on Equity (-11.81%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PHX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PHX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is PHX Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: PHX's short term assets (CA$121.6M) exceeds its short term liabilities (CA$64.8M)

Long Term Liabilities: PHX's short term assets (121.6M) exceeds its long term liabilities (59.8M)


Debt to Equity History and Analysis

Debt Level: PHX's debt to equity ratio (15.3%) is considered satisfactory

Reducing Debt: PHX's debt to equity ratio has reduced from 44.3% to 15.3% over the past 5 years.


Balance Sheet

Inventory Level: PHX has a high level of physical assets or inventory.

Debt Coverage by Assets: PHX's debt is covered by short term assets (assets are 5.319330x debt).


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.

Stable Cash Runway: PHX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PHX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%6.0%industryaverage5.6%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate PHX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PHX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if PHX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PHX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PHX is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PHX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

12.4yrs

Average management tenure


CEO

John Hooks (61yo)

24.8yrs

Tenure

CA$2,056,936

Compensation

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 E ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD1.57M) is about average for companies of similar size in the Canadian market ($USD121.84K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

12.4yrs

Average Tenure

50yo

Average Age

Experienced Management: PHX's management team is seasoned and experienced (12.4 years average tenure).


Board Age and Tenure

9.5yrs

Average Tenure

61yo

Average Age

Experienced Board: PHX's board of directors are considered experienced (9.5 years average tenure).


Insider Trading

Insider Buying: PHX insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$10,29913 Sep 19
Terry Freeman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceCA$2.60
SellCA$14,44902 Aug 19
Michael Buker
EntityIndividual
Role
President
President
Shares5,850
Max PriceCA$2.47
BuyCA$11,52019 Jun 19
John Hooks
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares4,000
Max PriceCA$2.88
SellCA$14,07601 Mar 19
Cameron Ritchie
EntityIndividual
Role
Chief Financial Officer
Senior VP of Finance
Shares5,263
Max PriceCA$2.69
BuyCA$14,54921 Jan 19
John Hooks
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares5,500
Max PriceCA$2.65
BuyCA$37,29018 Jan 19
John Hooks
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares14,100
Max PriceCA$2.75
BuyCA$2,72016 Jan 19
Michael Buker
EntityIndividual
Role
President
President
Shares1,000
Max PriceCA$2.72
BuyCA$10,78416 Jan 19
Craig Brown
EntityIndividual
Role
Chief Operating Officer
Senior Vice President of International Operations & Technology
Shares4,000
Max PriceCA$2.70

Ownership Breakdown


Management Team

  • John Hooks (61yo)

    Chairman & CEO

    • Tenure: 24.8yrs
    • Compensation: CA$2.06m
  • Cameron Ritchie (57yo)

    Senior VP of Finance

    • Tenure: 21.8yrs
    • Compensation: CA$1.25m
  • Mike Buker (50yo)

    President

    • Tenure: 4.6yrs
    • Compensation: CA$1.62m
  • Jeff Shafer (44yo)

    Senior Vice President Sales & Marketing

    • Tenure: 12.4yrs
    • Compensation: CA$1.30m
  • Craig Brown (47yo)

    Senior Vice President of International Operations & Technology

    • Tenure: 8.1yrs
    • Compensation: CA$1.25m

Board Members

  • Roger Thomas (66yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: CA$103.50k
  • John Hooks (61yo)

    Chairman & CEO

    • Tenure: 24.8yrs
    • Compensation: CA$2.06m
  • Myron Tétreault (52yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: CA$112.00k
  • Randy Charron (64yo)

    Independent Director

    • Tenure: 16.9yrs
    • Compensation: CA$95.00k
  • Terry Freeman (59yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: CA$66.67k
  • Judith Athaide (56yo)

    Independent Director

    • Tenure: 10.4yrs
    • Compensation: CA$102.00k
  • Larry Hibbard (70yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: CA$107.00k

Company Information

PHX Energy Services Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PHX Energy Services Corp.
  • Ticker: PHX
  • Exchange: TSX
  • Founded: 1995
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: CA$136.639m
  • Shares outstanding: 55.77m
  • Website: https://www.phxtech.com

Number of Employees


Location

  • PHX Energy Services Corp.
  • 250 2nd Street SW
  • Suite 1400
  • Calgary
  • Alberta
  • T2P 0C1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHXTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1996
PHXH.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1996
7PXBST (Boerse-Stuttgart)YesCommon SharesDEEURSep 1996

Biography

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 Can ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:19
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.