PHX Energy Approved for Share Buyback Program
Company Announcements

PHX Energy Approved for Share Buyback Program

Story Highlights

PHX Energy Services (TSE:PHX) has released an update.

PHX Energy Services Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10% of its public float in common shares. This move is viewed as a strategy to enhance shareholder value and is part of PHX Energy’s capital allocation strategy amid market volatility.

For further insights into TSE:PHX stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskPHX Energy Faces Revenue Decline Amid Market Challenges
Catie PowersIs PHX a Buy, Before Earnings?
TipRanks Canadian Auto-Generated NewsdeskPHX Energy Announces Dividend and Joins TSX30
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App