19-Apr-2024
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PRNewswire (Thu, 18-Apr 4:15 PM ET)
PRNewswire (Thu, 18-Apr 1:46 PM ET)
PRNewswire (Tue, 12-Mar 4:15 PM ET)
PHX Minerals Inc. to Announce Full-Year 2023 Results on March 12 and Host Earnings Call on March 13
PRNewswire (Mon, 5-Feb 4:15 PM ET)
PHX Minerals Inc is an oil and natural gas mineral company that has employed a plan to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership. The company owns substantial mineral acreage, principally in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas, but still maintains legacy interests in natural gas and oil properties that have retired operations. The revenues is derived from royalties granted from the production and sale of natural gas, oil and NGL, and the remaining portion of its revenues is derived from the production and sale of natural gas, oil and NGL on its working interests.
PHX Minerals trades on the NYSE stock market under the symbol PHX.
As of April 19, 2024, PHX stock price climbed to $3.42 with 20,495 million shares trading.
PHX has a beta of 0.26, meaning it tends to be less sensitive to market movements. PHX has a correlation of 0.01 to the broad based SPY ETF.
PHX has a market cap of $128.04 million. This is considered a Micro Cap stock.
Last quarter PHX Minerals reported $12 million in Revenue and $.07 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.03.
In the last 3 years, PHX stock traded as high as $4.98 and as low as $1.99.
The top ETF exchange traded funds that PHX belongs to (by Net Assets): VTI, VXF, DES, DFAT, BSVO.
PHX has outperformed the market in the last year with a price return of +28.6% while the SPY ETF gained +21.2%. PHX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.2% and -1.4%, respectively, while the SPY returned +4.3% and -3.5%, respectively.
PHX support price is $3.24 and resistance is $3.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PHX stock will trade within this expected range on the day.