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Bullboard - Stock Discussion Forum PHX Energy Services Corp T.PHX

Alternate Symbol(s):  PHXHF

PHX Energy Services Corp. is a Canada-based oil and natural gas services company. The Company provides horizontal and directional drilling services and technologies to oil and natural gas exploration and development companies. The Company reports three operating segments on a geographical basis throughout the Gulf Coast, Northeast and Rocky Mountain regions of the United States, throughout the... see more

TSX:PHX - Post Discussion

PHX Energy Services Corp > Recommendation
View:
Post by retiredcf on Apr 03, 2023 8:11am

Recommendation

PHX is very cheap at 5X earnings. The balance sheet is decent and good growth is expected this year. Insiders are at 14% and have been small buyers. The last quarter was mixed, with a miss on EPS. The dividend was raised 50% and is likely fine. Earnings rose more than 110% in the 4Q. The sector party has faded but for the service sector it looks attractive to us today. Growth is expected at more than 100% this year (EPS) and slowing to 5% or so in 2024. (5iResearch)
Comment by JohnSP on Apr 11, 2023 1:20am
Any thoughts on John Hooks' share sale on Apr 6: https://ceo.ca/api/sedi/?symbol=phx&amount=&transaction=&insider=