Post by
Possibleidiot01 on Mar 31, 2024 8:01pm
Trevor Rose's Insights - BUY
BUY PHX-T Phoenix Energy Services(PHX-T) 29/03/2024 Phoenix Energy Services + Get Signals Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research PHX has had very strong momentum over the last year and is also cheap at 6.5x forward earnings. Most recent quarterly earnings results were very good, recording a large beat on revenue and EPS. Outlook for 2024 forecasts a drawdown while 2025 will bounce back with good growth. It pays a high yield at 8.7% and the balance sheet is fine. It did stop dividends in 2016 however. The business is highly cyclical but with its customers (energy companies) holding high cash things look good right now. PHX's performance will be heavily tied to the energy sector, so investor sentiment regarding the sector will be the main factor influencing the decision to buy. Unlock Premium - Try 5i Free Oil / Gas Stockchase Insights $9.040