PHX Energy Services is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chances of risk. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.
PHX Energy Services Corp. (TSX:PHX)
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 the Russian Federation. The company now has 529 employees and with the market cap of CAD CA$115.04M, it falls under the small-cap group.
PHX’s forecasted bottom line growth is an exceptional triple-digit, driven by the underlying double-digit sales growth of 24.73% over the next few years. Although reduction in cost is not the most sustainable operational activity, the expanding top-line growth, on the other hand, is encouraging. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 4.60%. 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. Thinking of investing in PHX? Check out its fundamental factors here.
Westport Fuel Systems Inc. (TSX:WPRT)
Westport Fuel Systems Inc., a transportation technology company, provides low-emission engine and fuel system technologies utilizing gaseous fuels in North America, Europe, Asia, and South America. Established in 1995, and currently run by Nancy Gougarty, the company size now stands at 1,751 people and with the company’s market cap sitting at CAD CA$464.23M, it falls under the small-cap category.
WPRT is expected to deliver an extremely high earnings growth over the next couple of years of 65.64%, from the current earnings level of -US$84.78M. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 10.03%. WPRT’s impressive earnings outlook makes it a worthy company to spend more time to understand. Interested to learn more about WPRT? Other fundamental factors you should also consider can be found here.
Endeavour Silver Corp. (TSX:EDR)
Endeavour Silver Corp., a mid-tier precious metals mining company, engages in evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver mining properties in Mexico and Chile. Started in 1981, and headed by CEO Bradford Cooke, the company now has 1,475 employees and with the company’s market capitalisation at CAD CA$388.84M, we can put it in the small-cap stocks category.
EDR’s forecasted bottom line growth is an optimistic 37.07%, driven by the underlying double-digit sales growth of 28.27% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 4.80%. EDR ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about EDR? Have a browse through its key fundamentals here.For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.