PHX Energy Services (TSE:PHX) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
