PHX Minerals Inc. with ticker code (PHX) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 7 and 4 calculating the average target price we see 5.53. With the stocks previous close at 3.6 this would indicate that there is a potential upside of 53.6%. The day 50 moving average is 3.76 while the 200 day moving average is 3.55. The market cap for the company is $127m. Visit the company website at: https://phxmin.com
The potential market cap would be $196m based on the market concensus.
PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. As of September 30, 2022, the company owned perpetual ownership of 244,739 net mineral acres; leased 16,260 net acres; and held working interests and royalty interests in 6,326 producing oil and natural gas wells, as well as had 172 wells in the process of being drilled or completed. It also sells its products to various purchasers, including pipeline and marketing companies. The company was formerly known as Panhandle Oil and Gas Inc. and changed its name to PHX Minerals Inc. in October 2020. PHX Minerals Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.
