How to Buy Phx Minerals Stock
Phx Minerals Inc
Phx Minerals is a oil and gas company located in Oklahoma, United States, which is part of the Energy sector, and is traded under the ticker PHX on the NYSE exchange.
Phx Minerals stock last closed at $2.62, down 3.32% from the previous day, and has decreased 14.38% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.16 percentage points. Phx Minerals stock is currently +12.45% from its 52-week low of $2.33, and -47.39% from its 52-week high of $4.98.
At the moment, there are 36.5M shares of PHX outstanding. The market value of PHX is $95.64M. In the last 24 hours, 142,262 PHX shares were traded.
How to Buy Phx Minerals Stock
Wondering how to invest in Phx Minerals stock? Here's how.
- Choose where to buy Phx Minerals stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Phx Minerals stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your info.
- Analyze Phx Minerals stock: The Phx Minerals ticker symbol is PHX. Is Phx Minerals stock a good investment? Should you buy shares of PHX? How do PHX's underlying business fundamentals look? Do top analysts think Phx Minerals is a good buy? Why has PHX's stock price moved recently? (Hint: Our stock market research website can help you evaluate if PHX is a good stock to buy).
- Place your PHX buy order: Decide if you will purchase PHX shares at the current market price or use a limit order to buy PHX stock at a given price.
- Monitor your PHX position: Create a watchlist to important updates regarding your new investment in Phx Minerals shares.
Step 1: Choose where to buy Phx Minerals stock
You will need an online brokerage account in order to access the NYSE market and buy PHX shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
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- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you are able to invest in PHX stock today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Input your personal info to create your new brokerage account.
- Submit your application by pressing the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock trading app, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your investment account.
Step 4: Analyze Phx Minerals stock
Once you have identified the best place to buy Phx Minerals stock, it's crucial to research their stock before you invest, so you truly wrap your head around the risk and upside.
Phx Minerals stock quick numbers
PHX Fundamentals
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on PHX's stock page.
How is PHX stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PHX's intrinsic value.
Using relative valuations measures:
- PHX may be undervalued based on its P/E ratio of 5.46x, relative to Oil & Gas E&P industry P/E ratio of 6.86x
- PHX may be undervalued based on its P/B ratio of 0.87x, relative to Oil & Gas E&P industry P/B ratio of 1.96x
You can access additional valuation analysis on PHX's stock here.
Is PHX a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the PHX balance sheet.
- Total PHX debt is lower than 5 years ago, relative to shareholder equity.
- PHX has $2.12M in cash and short term investments. This is sufficient to cover its annual cash burn of $7.79M.
- PHX profit margin has gone up from 3.3% to 31% in the past year.
Failed Health Checks:
- PHX has cash burn of 7792014. It does not have sufficient cash and short-term investments to cover this.
- PHX has a relatively high debt to equity ratio of 0.41.
- There are more long-term liabilities than short-term assets on the PHX balance sheet.
Is PHX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who give recommendations on PHX, the consensus analyst rating on PHX is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent PHX Analyst Upgrades/Downgrades
Donovan Schafer, a bottom 16% analyst from Northland Securities maintains PHX with a buy rating and lowers their PHX price target from $7.00 to $5.50, on Feb 13, 2023.
You can dive deeper into what analysts are forecasting on the Phx Minerals stock forecast page.
PHX Trading Indicators
PHX Growth Numbers
Last year, PHX earnings were $17.07M. Over the last 5 year, PHX's earnings have grown by -16.03% per year. This was slower than the Oil & Gas E&P industry average of 62.87%.
Last year, PHX revenue was $55.16M. During the past five year, PHX's revenue has gone up by 1.26% per year. This was slower than the Oil & Gas E&P industry average of 33.87%.
You can analyze PHX's earnings and revenue performance here.
Are PHX executives and large shareholders buying or selling the stock?
In the past 12 months, insiders at PHX have bought more shares than they have sold.
Edenbrook Capital LLC, 10% Owner of PHX, was the latest PHX insider to buy. They bought $7,973.00 worth of PHX shares on Mar 17, 2023.
Research more about who owns PHX stock here.
Does PHX provide a stable income stream?
Phx Minerals pays a dividend of 3.15%, compared to the Oil & Gas E&P industry's average dividend yield of 5.11%. If you owned $1,000 worth of PHX stock, you would have received $31.49 in the past year.
Phx Minerals dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Phx Minerals dividend yield and history here.
What do other investors have to say about PHX?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Place your PHX buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and eToro will place the order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Monitor your PHX position
Now that you own some PHX stock, you'll want to stay up-to-date on your new company.
Create a watchlist to see the latest developments about your PHX stock.
PHX Feed
How to Buy Stock in Phx Minerals
To reiterate, here are the 6 steps to buy stock in Phx Minerals:
- Choose where to buy Phx Minerals stock
- Create your brokerage account
- Fund your brokerage account
- Analyze Phx Minerals stock
- Place your PHX buy order
- Monitor your PHX position
If you require a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your new investment in Phx Minerals, create a watchlist on WallStreetZen today.
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