At the time of writing, PHX Minerals Inc [PHX] stock is trading at $3.41, up 2.71%. An important factor to consider is whether the stock is rising or falling in short-term value. The PHX shares have gain 11.44% over the last week, with a monthly amount glided 12.17%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, PHX Minerals Reports Results for the Quarter and Fiscal Year Ended Dec. 31, 2023; Announces Dividend and Provides 2024 Operational Outlook. In a post published today on Yahoo Finance, PHX MINERALS INC., “PHX” or the “Company” (NYSE: PHX), today reported financial and operating results for the quarter and fiscal year ended Dec. 31, 2023.
From an analyst’s perspective:
PHX Minerals Inc [NYSE: PHX] stock has seen the most recent analyst activity on September 15, 2023, when Johnson Rice initiated its Buy rating and assigned the stock a price target of $5.50. On June 18, 2009, Wunderlich reiterated its Buy rating and revised its price target to $30 on the stock. Wunderlich upgraded its rating to a Buy but stick to its price target of $23.50 on February 13, 2009. Wunderlich initiated its recommendation with a Hold and recommended $21 as its price target on January 30, 2009.
For the past year, the stock price of PHX Minerals Inc fluctuated between $2.51 and $3.89. PHX Minerals Inc [NYSE: PHX] shares were valued at $3.41 at the most recent close of the market.
Analyzing the PHX fundamentals
According to PHX Minerals Inc [NYSE:PHX], the company’s sales were 37.60M for trailing twelve months, which represents an -39.16% plunge. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at 0.5%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.45 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.37 points at the first support level, and at 3.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.43, and for the 2nd resistance point, it is at 3.45.
PHX Minerals Inc [PHX] reported earnings per share of $0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.04 and a surprise factor of 133.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.04 per share, a difference of $0.01 representing a surprise of 25.00%.
Ratios To Look Out For
It is important to note that PHX Minerals Inc [NYSE:PHX] has a current ratio of 5.05. On the other hand, the Quick Ratio is 5.05, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 3.40, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 8.83.
Transactions by insiders
Recent insider trading involved True Chad, Principal Accounting Officer, that happened on Mar 26 ’24 when 1000.0 shares were purchased. Director, BEHRMAN MARK T completed a deal on Mar 25 ’24 to buy 23000.0 shares. Meanwhile, SVP – CFO D’Amico Raphael bought 3500.0 shares on Mar 14 ’24.
