PHX - PHX Minerals Inc.: 52-Week High Recently Eclipsed (PHX)
Shares of PHX Minerals Inc. (NYSE:PHX) traded at a new 52-week high today of $4.92. This new high was reached on above average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 326,000 shares.
PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy 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 sale of natural gas, natural gas liquids, and oil continues to be the primary source of the company's revenue.
There is potential upside of 95.3% for shares of PHX Minerals Inc. based on a current price of $4.89 and an average consensus analyst price target of $9.55.
In the past 52 weeks, shares of PHX Minerals Inc. have traded between a low of $2.07 and a high of $4.92 and is now at $4.89, which is 136% above that low price.
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