PHX Minerals price target raised to $5 from $4.50 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on PHX Minerals (PHX) to $5 from $4.50 and keeps a Buy rating on the shares. PHX’s Q4 numbers were “solid” and better than the firm’s expectations, driven by higher realized prices and lower operating expenses, and its strategic alternatives process is continuing, the analyst tells investors in a research note. The firm says the natural gas pricing outlook is strong, driving its estimates a bit higher in 2025.