Momentum Is Strong For PHX Minerals Inc. (NYSE: PHX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Volume reached 505 shares, with price reaching a high of $3.07 and a low of $3.03. Earlier, Yahoo Finance discussed this stock as it revealed PHX MINERALS INC. TO ANNOUNCE FISCAL 2022 THIRD QUARTER RESULTS AND HOST EARNINGS CALL ON AUG. 9, 2022.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $2.97 and fluctuated between $3.1135 as its day high and $2.9500 as its day low. The current market capitalization of PHX Minerals Inc. is $105.94M. A total of 0.24 million shares were traded on the day, compared to an average of 383.61K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PHX has seen 8 BUY and 1 SELL insider trades, representing the acquisition of 156,319 and the disposition of 81,265 shares. Over the last 12 months, there were 60 BUYs and 5 SELLs from insiders. Insiders purchased 1,478,262 shares during that period but sold 168,771.

In the most recent transaction, Edenbrook Capital, LLC bought 6,030 shares of PHX for 3.05 per share on Aug 03. After the transaction, the 10% Owner now owns 5,152,160 company shares. In a previous transaction on Aug 02, Edenbrook Capital, LLC bought 10,705 shares at 3.04 per share. PHX shares that 10% Owner owns now total 5,146,130.

Among the insiders who bought shares, Edenbrook Capital, LLC acquired of 2,300 shares on Aug 01 at a per-share price of $3.05. This resulted in the 10% Owner holding 5,135,425 shares of PHX after the transaction. In another insider transaction, Edenbrook Capital, LLC bought 10,000 shares at $2.66 per share on Jul 06. Company shares held by the 10% Owner now total 5,133,125.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. PHX’s most recent ex-dividend date was 05/18/2022 when it declared a $0.02 quarterly dividend that was paid in cash on 06/03/2022. Previously, the company paid the dividend on 03/03/2022 with an ex-dividend date of 02/16/2022. The dividend was $0.015 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PHX in the last 3 months, the mean price target is $5.35 with high estimates of $6.70 and low estimates of $4.00. In terms of 52-week highs and lows, PHX has a high of $4.98 and a low of $2.07.

As of this writing, PHX has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.14 per share and a lower estimate of $0.12. The company reported an EPS of $0.16 in the last quarter, which was 100.0% higher than expectations of $0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PHX is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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