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PHX Energy Services ( (TSE:PHX) ) has provided an announcement.
PHX Energy Services reported a slight increase in revenue for the third quarter of 2025, with consolidated revenue reaching $164.3 million, a 2% rise from the previous year. Despite this, the company experienced a decline in profitability due to increased costs associated with a more diverse fleet of RSS and a decrease in high-margin revenue streams. The US division showed resilience with a 3% revenue increase, outperforming the industry trend of declining rig activity. The company also announced an increase in its credit facilities to provide financial flexibility for future opportunities, alongside a renewed Normal Course Issuer Bid to repurchase shares.
The most recent analyst rating on (TSE:PHX) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on PHX Energy Services stock, see the TSE:PHX Stock Forecast page.
Spark’s Take on TSE:PHX Stock
According to Spark, TipRanks’ AI Analyst, TSE:PHX is a Outperform.
PHX Energy Services’ overall score is driven by its strong valuation, with a low P/E ratio and high dividend yield suggesting potential undervaluation. Financial performance is robust, though cash flow challenges are a concern. Technical analysis indicates a neutral to slightly bearish short-term trend.
To see Spark’s full report on TSE:PHX stock, click here.
More about PHX Energy Services
PHX Energy Services is a company operating in the energy sector, primarily focusing on providing drilling services and equipment. The company is known for its Rotary Steerable Systems (RSS) and motor rental services, catering to both the US and Canadian markets.
Average Trading Volume: 159,089
Technical Sentiment Signal: Hold
Current Market Cap: C$347M
Learn more about PHX stock on TipRanks’ Stock Analysis page.