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.
Flawless balance sheet and fair value.
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
Stable Share Price: PHX's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: PHX underperformed the Canadian Energy Services industry which returned -72.6% over the past year.
Return vs Market: PHX underperformed the Canadian Market which returned -21.2% over the past year.
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
1 week ago | Simply Wall StShould You Be Pleased About The CEO Pay At PHX Energy Services Corp.'s (TSE:PHX)
1 month ago | Simply Wall StPHX Energy Services Corp. Just Released Its Full-Year Earnings: Here's What Analysts Think
2 months ago | Simply Wall StThose Who Purchased PHX Energy Services (TSE:PHX) Shares Five Years Ago Have A 67% Loss To Show For It
Is PHX Energy Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PHX (CA$0.66) is trading below our estimate of fair value (CA$6.93)
Significantly Below Fair Value: 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
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 good value based on its PB Ratio (0.2x) compared to the CA Energy Services industry average (0.3x).
How is PHX Energy Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PHX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: PHX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PHX's is expected to become profitable in the next 3 years.
Revenue vs Market: PHX's revenue is expected to decline over the next 3 years (-7.5% per year).
High Growth Revenue: PHX's revenue is forecast to decline over the next 3 years (-7.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PHX's Return on Equity is forecast to be low in 3 years time (1.7%).
How has PHX Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PHX is currently unprofitable.
Growing Profit Margin: PHX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PHX is unprofitable, but has reduced losses over the past 5 years at a rate of 2.5% 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 (4.1%).
Return on Equity
High ROE: PHX has a negative Return on Equity (-1.49%), as it is currently unprofitable.
How is PHX Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: PHX's short term assets (CA$137.6M) exceed its short term liabilities (CA$69.2M).
Long Term Liabilities: PHX's short term assets (CA$137.6M) exceed its long term liabilities (CA$59.1M).
Debt to Equity History and Analysis
Debt Level: PHX's debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: PHX's debt to equity ratio has reduced from 51.6% to 17% over the past 5 years.
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: Whilst unprofitable PHX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PHX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.7% per year.
What is PHX Energy Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
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.
Stability and Growth of Payments
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Hooks (61yo)
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 ($USD1.47M) is above average for companies of similar size in the Canadian market ($USD157.89K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
|Chairman & CEO||25.25yrs||CA$2.06m||14.92% CA$5.2m|
|Senior VP of Finance||22.33yrs||CA$1.25m||0.21% CA$72.6k|
|Senior Vice President of Engineering & Technology||8.58yrs||CA$1.25m||0.18% CA$62.5k|
|Senior Vice President Sales & Marketing||12.92yrs||CA$1.30m||0.26% CA$91.0k|
Experienced Management: PHX's management team is seasoned and experienced (12.9 years average tenure).
|Chairman & CEO||25.25yrs||CA$2.06m||14.92% CA$5.2m|
|Independent Director||7.83yrs||CA$103.50k||0.19% CA$66.0k|
|Lead Director||no data||CA$112.00k||0.26% CA$92.4k|
|Independent Director||17.42yrs||CA$95.00k||0.11% CA$38.1k|
|Independent Director||1.92yrs||CA$66.67k||0.0075% CA$2.6k|
|Independent Director||10.92yrs||CA$102.00k||0.013% CA$4.6k|
|Independent Director||9.17yrs||CA$107.00k||0.14% CA$48.2k|
Experienced Board: PHX's board of directors are seasoned and experienced ( 10 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PHX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PHX Energy Services Corp.'s company bio, 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
- Market Cap: CA$35.146m
- Shares outstanding: 53.25m
- Website: https://www.phxtech.com
Number of Employees
- PHX Energy Services Corp.
- 250 2nd Street SW
- Suite 1400
- T2P 0C1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PHX||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1996|
|PHXH.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1996|
|7PX||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Sep 1996|
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 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 performance drilling motor rental, survey management, gyro surveying, and streaming services; and Web-based remote electronic drilling recorder technology and 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 07:14|
|End of Day Share Price||2020/04/07 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.