PHX Energy Services (PHX) AI Stock Analysis

• Market Cap: C$634.74M
• Dividend Yield: 10.44%
• Average Volume (3M): 155.69K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.97
• Revenue Growth: 8.98%
• EPS Growth: -27.41%
• Country: CA
• Employees: 924
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Drilling
• EPS (TTM): 0.35
• Shares Outstanding: 45,371,075
• 10 Day Avg. Volume: 127,715
• 30 Day Avg. Volume: 155,688
• PEG Ratio: 1.82
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 394.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$11.13
• Price Target Upside: -19.38% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.73
• Revenue Forecast (FY): C$702.33M

• Rating: 69 Neutral
• Price Target: C$15.50 ▲(12.32% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is driven primarily by fundamentals: a solid balance sheet and strong revenue growth are offset by weakening cash conversion and compressed margins. Valuation is a major positive with a low P/E and high dividend yield, while technicals show a strong uptrend but with overbought momentum that increases near-term pullback risk.

Positive Factors

Balance Sheet Strength

PHX’s moderate leverage (D/E ~0.29) and steady equity growth provide durable financial flexibility for a cyclical drilling services firm. This balance sheet posture supports capital deployment for tools and mobilization, helps absorb cyclical downturns, and preserves access to funding over the next several months.

Negative Factors

Weak Cash Conversion

Near-breakeven FCF and a sharp decline from 2024 highlight weak cash conversion versus reported earnings. Historical volatility (including negative FCF in 2022) constrains reinvestment, debt paydown or dividend sustainability, reducing financial resilience during lower activity periods.

PHX Energy Services Business Overview & Revenue Model

Company Description

PHX Energy Services Corp. 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, Albania, and the Middle East. It offe...

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PHX Energy Services Corp. 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, Albania, and the Middle East. It offe...

How the Company Makes Money

PHX makes money primarily by providing directional drilling services to exploration and production (E&P) companies on a fee-for-service basis. Revenue is generally generated from (1) daily or per-job service charges for directional drilling crews ...

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PHX makes money primarily by providing directional drilling services to exploration and production (E&P) companies on a fee-for-service basis. Revenue is generally generated from (1) daily or per-job service charges for directional drilling crews ...

PHX Energy Services Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	709.60M	659.66M	656.34M	535.74M	349.92M
Gross Profit	110.96M	124.49M	150.10M	109.64M	71.65M
EBITDA	101.27M	123.05M	150.08M	72.88M	58.20M
Net Income	54.71M	54.62M	98.58M	44.31M	22.72M
Balance Sheet
Total Assets	443.16M	423.29M	385.49M	375.22M	262.49M
Cash, Cash Equivalents and Short-Term Investments	29.11M	14.16M	16.43M	18.25M	24.83M
Total Debt	66.93M	52.18M	44.77M	62.41M	35.87M
Total Liabilities	214.12M	201.08M	175.53M	198.35M	128.06M
Stockholders Equity	229.04M	222.21M	209.97M	176.88M	134.43M
Cash Flow
Free Cash Flow	863.00K	11.39M	31.11M	-37.70M	8.27M
Operating Cash Flow	73.16M	96.90M	96.72M	37.08M	45.43M
Investing Cash Flow	-34.16M	-49.16M	-20.26M	-47.39M	-23.63M
Financing Cash Flow	-23.41M	-51.11M	-77.95M	2.71M	-22.72M

PHX Energy Services Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PHX, the sentiment is Positive. The current price of 13.8 is above the 20-day moving average (MA) of 12.62, above the 50-day MA of 10.10, and above the 200-day MA of 8.03, indicating a bullish trend. The MACD of 1.06 indicates Negative momentum. The RSI at 85.75 is Negative, neither overbought nor oversold. The STOCH value of 88.84 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PHX.

PHX Energy Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACX	72 Outperform	C$248.60M	2.74	11.29%	―	-16.20%	-38.85%
AKT.A	71 Outperform	C$145.11M	5.79	7.65%	―	24.94%	956.65%
CFW	71 Outperform	C$649.17M	12.37	3.06%	―	-8.13%	-28.00%
PHX	69 Neutral	C$634.74M	6.22	24.11%	10.44%	8.98%	-27.41%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ESI	56 Neutral	C$674.33M	-12.07	-2.94%	―	-2.47%	-246.73%
WRG	55 Neutral	C$107.96M	-2.72	-2.38%	―	-0.38%	6.98%

PHX Energy Services Corporate Events