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Panhandle Oil and Gas Inc. (PHX) share price soared 6.92% with the closing price of $1.70 on Wednesday. Panhandle Oil and Gas Inc. stock has an exchanging volume of 2.4 million shares, which is high, contrasted with its 3-months average volume of 123.73K shares. Its market capitalization has now reached to $36.58M and analysts have a consensus target price of $2.70 in the 12-month period.
PANHANDLE OIL AND GAS INC. Changes Its Name To PHX Minerals Inc. on October 13, 2020 at Yahoo.
PANHANDLE OIL AND GAS INC., (NYSE: PHX), today announced that it has officially changed its name to PHX Minerals Inc. effective Oct. 8, 2020 . In conjunction with its name change the Company has also unveiled a new logo. The Company’s ticker will remain “PHX” on the NYSE.
Chad L. Stephens, President and CEO, commented, “At the beginning of this year, we embarked on a new corporate strategy to become a minerals-only company. This new strategy means we will no longer participate as a non-operated working interest owner in the drilling of new wells. In our just ended fiscal year 2020, we did not participate as a working interest owner in any wells. As we methodically execute this new strategy by acquiring producing minerals in our core areas with high rock quality and line-of-sight development under credit worthy reputable operators, we will slowly high grade our existing asset base by divesting lower margin properties. This new strategy will emphasize growth on a NAV accretive basis. The name change and new Company logo emphasize this new strategy and reflect our commitment of proactive execution.”
PHX Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, PHX price has rose by 14.86%. In the course of past three months sees the stock go down around -31.17%, while it has lost -46.20% over the past six months and -84.83% since the start of the year.
PHX Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Jun 2020), the firm recorded a revenue of 3.54 billion, which was higher than the gauge of 10.7M made by certain experts. For that equivalent quarter, Panhandle Oil and Gas Inc. posted $0.57 earnings per share (EPS) which was above the consensus estimate of $0 by $0.57.
PHX Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Panhandle Oil and Gas Inc. has seen its stock exchanging -36.33% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +21.43% above its three-month low. A more extensive look sees PHX exchanging -88.88% beneath its 52-week high and 21.43% above from its 52-week low price.
PHX Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 14.77%, while it has a month to month instability of 8.47%. The company has an ATR (Average True Range) of 0.15 and a beta factor of 1.15.