PHX Minerals Announces Merger with WhiteHawk Acquisition

An update from PHX Minerals ( (PHX) ) is now available.

On May 8, 2025, PHX Minerals Inc. announced a merger agreement with WhiteHawk Acquisition, Inc., where WhiteHawk will acquire all outstanding shares of PHX at $4.35 per share in an all-cash transaction valued at approximately $187 million. The merger, approved by PHX’s Board of Directors, is expected to enhance the company’s financial position and operations, with implications for stakeholders including a change in executive leadership and potential impacts on shareholder value. Additionally, PHX reported strong financial results for the quarter ended March 31, 2025, with a significant increase in net income and adjusted EBITDA, alongside a reduction in debt, reflecting a robust start to the year driven by favorable market conditions and strategic divestitures.

The most recent analyst rating on (PHX) stock is a Buy with a $4.30 price target. To see the full list of analyst forecasts on PHX Minerals stock, see the PHX Stock Forecast page.

Spark’s Take on PHX Stock

According to Spark, TipRanks’ AI Analyst, PHX is a Neutral.

PHX Minerals has a stable financial footing with strong equity and improved cash flow, though revenue and margin declines are concerning. Technical indicators are positive, supporting a moderate bullish outlook. Valuation metrics suggest overvaluation risks, tempered by a decent dividend yield. Recent earnings call and corporate events highlight effective management but also market challenges, resulting in a balanced outlook.

To see Spark’s full report on PHX stock, click here.

More about PHX Minerals

PHX Minerals Inc. is a company operating in the oil and gas industry, primarily focused on the acquisition, management, and development of mineral and royalty interests. The company is engaged in the exploration and production of natural gas, oil, and natural gas liquids, with a market focus on enhancing its asset base and generating cash flow through strategic acquisitions and divestitures.

Average Trading Volume: 115,024

Technical Sentiment Signal: Buy

Current Market Cap: $164.2M

For an in-depth examination of PHX stock, go to TipRanks’ Stock Analysis page.