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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Phoenix Energy Services (PHX-T) has experienced strong momentum over the past year and is currently undervalued at 6.5x forward earnings. The most recent quarterly earnings results exceeded expectations, and the outlook for 2024 forecasts a temporary drawdown followed by growth in 2025. Despite ceasing dividends in 2016, the company pays a high yield at 8.7% and maintains a solid balance sheet. However, PHX's performance is highly tied to the energy sector, making it heavily influenced by investor sentiment in that area.

Consensus
Positive
Valuation
Undervalued
BUY
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.
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oil / gas
PAST TOP PICK

(A Top Pick April 16/15. Down 70.71%.) Sold his holdings. It was a difficult story. As a supplier to the oil/gas industry, they really got squeezed.

oil / gas
PAST TOP PICK

(A Top Pick March 4/15. Down 67.75%.) Last year was horrific for energy. He was being very defensive, and this one had the ability to stay solvent. He got stopped out. It looks like it is probably time now, from a cost-benefit, that you could really get some leverage buying one of the service companies with a 1-2 year outlook.

oil / gas
TOP PICK

A horizontal drilling company. Have some great technology for the drilling side, which is really their key business. Trades at 18X earnings and pays a yield of 5.35%. Their technology allows them to get data back to the main place where they can analyse and see where the drilling is all going. Management is doing all the right things.

oil / gas
TOP PICK

An oil/gas servicing company. A drilling company with a technology bent. They have technology that goes into a drill bit which allows them to send data back, giving live data constantly. They cut their dividend and brought down their debt. Dividend yield of 12%.

oil / gas
TOP PICK

A high quality company that has been beaten up but has low fixed costs and high variable costs, so they can get through this and come out the other side. Directional driller. The problem is with the oil price and efficiencies in drilling on shale, he might like the oil price to come back to $80, but what if it is $65-$70. The one thing he can figure on is that wells are going to get drilled, so you will need drilling at some point.

oil / gas
PAST TOP PICK

(Top Pick Nov 19/13, Up 4.37%) It got very expensive so he sold it in the spring. Part of their growth strategy was in Russia. If it got under $10, he would consider going back in.

oil / gas
COMMENT

Directional drilling is very interesting because we are going more towards pad drilling. However, you have to think about the placement of those vertical sections of the horizontal wells, which have to be distinct from each other. Valuation on this company seems to be reasonably okay. He tends to like this company. Dividend yield of over 5%.

oil / gas
BUY

It does its own a thing within its own industry. Almost 7% yield. They distributed about $25 million in dividends but make $50 million soon to become $70-80 million. He thinks commodity prices are low because people are drilling like crazy. This will do well if the industry stabilizes.

oil / gas
TOP PICK

(Top Pick Nov 5/12, Up 50.80%) You have to run with the stocks that are doing what you want them to do. These guys have a very good team. The stock is not expensive yet. Has known the company for 15 years.

oil / gas
TOP PICK

8% distribution. It can still get beaten up from here and maintain its distribution. He was looking for something that can survive.

oil / gas
DON'T BUY

8.5% yield. He advises not to buy based just on yield. He does not have fundamentals, but it is forming a strong base, which is positive. It formed a rally and then dropped back down again. This is not good and it means the rally fizzled. If you are going to buy it, use $8 as an entry level and then maybe on more positive news it will pop back up.

oil / gas
HOLD
(Market Call Minute) Just initiated a dividend but it goes sideway from here.
oil / gas
DON'T BUY
Likes the technology and what they're doing but they have a tendency to have 3 good quarters in a row and then one bad one. He has been burned twice by them.
oil / gas
PAST TOP PICK
(A Top Pick Feb 2/10. Up 72.48%.) Sold when the valuation got extended.
oil / gas
Showing 1 to 15 of 38 entries

Phoenix Energy Services(PHX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Phoenix Energy Services is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Phoenix Energy Services(PHX-T) Frequently Asked Questions

What is Phoenix Energy Services stock symbol?

Phoenix Energy Services is a Canadian stock, trading under the symbol PHX-T on the Toronto Stock Exchange (PHX-CT). It is usually referred to as TSX:PHX or PHX-T

Is Phoenix Energy Services a buy or a sell?

In the last year, 1 stock analyst published opinions about PHX-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Phoenix Energy Services.

Is Phoenix Energy Services a good investment or a top pick?

Phoenix Energy Services was recommended as a Top Pick by on . Read the latest stock experts ratings for Phoenix Energy Services.

Why is Phoenix Energy Services stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Phoenix Energy Services worth watching?

1 stock analyst on Stockchase covered Phoenix Energy Services In the last year. It is a trending stock that is worth watching.

What is Phoenix Energy Services stock price?

On 2024-04-12, Phoenix Energy Services (PHX-T) stock closed at a price of $9.21.