PHX Minerals (PHX, Financial) experienced a notable stock movement with a significant 5.00% price increase. The stock reached $3.57 per share, trading a volume of 36,973 shares with a turnover rate of 0.10% and a volatility of 4.71%.
Recent financial reports indicate that PHX generated $7.12 million in revenue, with a net profit of $1.10 million. Earnings per share stood at $0.03, with a gross profit of $2.90 million. The company has a price-to-earnings ratio of 27.38. Analysts are bullish on PHX, with all three participating institutions offering a buy recommendation.
Within the oil and gas exploration and development sector, PHX outperformed the general industry growth of 0.01%. Notable stocks with large gains include Expand Energy Corporation and Kosmos Energy Ltd. Other active stocks in the sector with significant turnover rates are Houston American Energy and Indonesia Energy Corporation Limited. High volatility was also observed in Mexco Energy Corporation and Nabors Industries.
PHX Minerals specializes in oil and gas mineral rights, shifting its core business from drilling to permanent mineral and natural gas ownership. The company boasts a large mineral acreage, primarily in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas. Revenue is derived from royalties and operating interests in the production and sale of natural gas, oil, and liquefied natural gas.
