PHX Energy Services (TSX:PHX) Momentum Rank : 10 (As of May. 01, 2024)

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What is PHX Energy Services Momentum Rank?

PHX Energy Services has the Momentum Rank of 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of PHX Energy Services's Momentum Rank

For the Oil & Gas Drilling subindustry, PHX Energy Services's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PHX Energy Services's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PHX Energy Services's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PHX Energy Services's Momentum Rank falls into.

PHX Energy Services Momentum Rank Related Terms

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PHX Energy Services (TSX:PHX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (TSX:PHX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PHXHF:USA

Address

250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1

Website

https://www.phxtech.com

PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.

Executives