PHX Minerals Inc (NYSE: PHX) has benefited from extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent meaningful positive changes in fundamentals have benefitted PHX Minerals Inc (NYSE: PHX): the consensus estimate for December, 2024 increased significantly, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PHX is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PHX Minerals has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. PHX Minerals has a slightly negative Appreciation Score of 35 but a very high Power Rating of 86, resulting in the High Neutral Value Trend Rating.
Recent Price Action
On 1/19/24, PHX Minerals Inc (NYSE: PHX) stock enjoyed a large increase of 2.2%, closing at $3.26. However, unusually low trading volume at 65% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
Be the first to comment