NYSE:PHX

Stock Analysis Report

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Executive Summary

PHX Minerals Inc. operates as a natural gas and oil mineral company in the United States. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has PHX Minerals's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: PHX's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

5.1%

PHX

3.0%

US Oil and Gas

-4.6%

US Market


1 Year Return

-47.2%

PHX

4.8%

US Oil and Gas

38.5%

US Market

Return vs Industry: PHX underperformed the US Oil and Gas industry which returned 9.1% over the past year.

Return vs Market: PHX underperformed the US Market which returned 38.9% over the past year.


Shareholder returns

PHXIndustryMarket
7 Day5.1%3.0%-4.6%
30 Day19.0%15.9%0.6%
90 Day92.9%23.2%1.9%
1 Year-46.4%-47.2%12.1%4.8%41.5%38.5%
3 Year-81.2%-82.0%-14.0%-26.2%56.7%46.7%
5 Year-78.9%-80.0%1.8%-18.2%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is PHX Minerals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PHX Minerals undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHX ($3.51) is trading below our estimate of fair value ($8.28)

Significantly Below Fair Value: PHX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PHX is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: PHX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PHX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PHX is good value based on its PB Ratio (1.3x) compared to the US Oil and Gas industry average (1.4x).


Next Steps

Future Growth

How is PHX Minerals forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

157.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PHX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PHX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PHX's revenue (13.9% per year) is forecast to grow faster than the US market (10.4% per year).

High Growth Revenue: PHX's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PHX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PHX Minerals performed over the past 5 years?

-40.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHX is currently unprofitable.

Growing Profit Margin: PHX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PHX is unprofitable, and losses have increased over the past 5 years at a rate of 40.7% per year.

Accelerating Growth: Unable to compare PHX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PHX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-32.7%).


Return on Equity

High ROE: PHX has a negative Return on Equity (-42.42%), as it is currently unprofitable.


Next Steps

Financial Health

How is PHX Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: PHX's short term assets ($10.0M) exceed its short term liabilities ($3.1M).

Long Term Liabilities: PHX's short term assets ($10.0M) do not cover its long term liabilities ($32.4M).


Debt to Equity History and Analysis

Debt Level: PHX's debt to equity ratio (43.3%) is considered high.

Reducing Debt: PHX's debt to equity ratio has reduced from 46.3% to 43.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable PHX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PHX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.3% per year.


Next Steps

Dividend

What is PHX Minerals's current dividend yield, its reliability and sustainability?

1.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PHX's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: PHX's dividend (1.14%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

Stable Dividend: PHX's dividend payments have been volatile in the past 10 years.

Growing Dividend: PHX's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PHX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Chad Stephens (64 yo)

1.5yrs

Tenure

US$1,208,903

Compensation

Mr. Chad L. Stephens, III, has been Chief Executive Officer of PHX Minerals Inc. (formerly known as Panhandle Oil and Gas Inc.). since January 16, 2020 and its President since May 5, 2020. He served as Int...


CEO Compensation Analysis

Compensation vs Market: Chad's total compensation ($USD1.21M) is above average for companies of similar size in the US market ($USD511.69K).

Compensation vs Earnings: Chad's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chad Stephens
President1.5yrsUS$1.21m1.83%
$ 1.4m
Raphael D'Amico
CFO, VP of Business Development & Investor Relations and Corporate Secretary0.92yrUS$492.57k0.90%
$ 711.7k
Chad True
Director of Accounting & Assistant Corporate Secretary0.75yrno datano data
Stephanie Morris
Assistant Controller4.08yrsno datano data

1.2yrs

Average Tenure

Experienced Management: PHX's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Chad Stephens
President1.5yrsUS$1.21m1.83%
$ 1.4m
John Pinkerton
Independent Director0.083yrno data0.0045%
$ 3.5k
Mark Behrman
Lead Independent Director1.5yrsUS$127.57k0.18%
$ 145.3k
Lee Canaan
Independent Director5.92yrsUS$111.56k0.068%
$ 53.5k
Peter Delaney
Independent Director2.92yrsUS$112.49k0.049%
$ 38.3k
Christopher Fraser
Independent Director1.92yrsUS$102.85k0.58%
$ 458.8k

2.4yrs

Average Tenure

63.5yo

Average Age

Experienced Board: PHX's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PHX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 37.3%.


Top Shareholders

Company Information

PHX Minerals Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PHX Minerals Inc.
  • Ticker: PHX
  • Exchange: NYSE
  • Founded: 1926
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$78.745m
  • Shares outstanding: 22.43m
  • Website: https://www.phxmin.com

Number of Employees


Location

  • PHX Minerals Inc.
  • Valliance Bank Tower
  • Suite 1100
  • Oklahoma City
  • Oklahoma
  • 73118
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHXNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 1990
5AHDB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 1990

Biography

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. It owns approximately 253,000 net m...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 23:35
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.