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  5. PHX: seems to be on a downturn-reports seemed ok prior- could you comment ? [PHX Energy Services Corp.]
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Q: seems to be on a downturn-reports seemed ok prior- could you comment ?
Asked by terrance on March 01, 2024
5i Research Answer:

The last quarter was a very big 'beat' (70%), and the stock is up 11% this year, yet still trading at only 6X earnings with a 9% dividend which was raised 33% in November. The balance sheet is decent. The stock is only marginally off its high and we really see no cause for concern here.