PHX Minerals 5.5M share Spot Secondary priced at $2.00 » 09:2504/1604/16/21
The deal size was…
The deal size was increased to 5.5M shares from 5M shares. Stifel acted as lead book running manager for the offering.
Fly Intel: After-Hours Movers » 18:1004/1504/15/21
PPG, AA, JBHT, MTSL, LSCC, PGNY, UFS, DKNG, ARRY, PTC, WAL, MRTN, PHX, CMMB, SPNE
Check out this evening's…
PHX Minerals acquires certain mineral and royalty interests for $11.9M » 16:3504/1504/15/21
PHX Mineral announced …
PHX Mineral announced that it has agreed to acquire from certain third parties certain mineral and royalty interests totaling approximately 2,698 net royalty acres in the Southern SCOOP play for $11,947,000 in cash and stock, subject to customary closing adjustments. The purchase price consists of $9,547,000 in cash and $2,400,000 in PHX common stock. PHX intends to raise the cash portion of the purchase price through an underwritten public offering of common stock. The stock issued in connection with the Acquisition will be subject to the same terms and conditions as the other subscribers for the offering. The Board of Directors of PHX unanimously approved the Acquisition. The effective date of the Acquisition is Nov. 1, 2020, and it is expected to close in late April. Chad Stephens, President and CEO, said, "This is an exceptional acquisition of mineral assets with excellent geology that fits well within our stated strategy to grow the company on an accretive basis. These assets have compelling upside potential in a core area with active drilling programs by high quality and well capitalized operators."
PHX Minerals announces 5M share offering of common stock » 16:3104/1504/15/21
PHX Minerals announced…
PHX Minerals announced that it has commenced an underwritten public offering of 5M shares of its common stock. PHX intends to use the net proceeds from the offering for a pending acquisition and for general corporate purposes. Stifel is acting as the book-running manager for the offering, and Northland Capital Markets and Seaport Global Securities are acting as co-managers.
|Over a month ago|
PHX Minerals reports Q1 EPS (3c), one estimate (1c) » 16:3202/0802/08/21
Reports Q1 revenue…
Reports Q1 revenue $6.19M, one estimate $6M. Production volumes for the first quarter were 2,074 Mmcfe, up from 2,038 Mmcfe in the fourth fiscal quarter of 2020 and down from 2,278 Mmcfe in the first fiscal quarter of 2020.
|Over a quarter ago|
PHX Minerals files to sell 153K shares of common stock for holders 12:3310/1910/19/20
PHX Minerals files $75M mixed securities shelf 12:3310/1910/19/20
Panhandle Oil & Gas changed name to PHX Minerals » 09:0210/1310/13/20
Panhandle announced that…
Panhandle announced that it has officially changed its name to PHX Minerals effective October 8. In conjunction with its name change the Company has also unveiled a new logo. The Company's ticker will remain "PHX" on the NYSE.
Panhandle Oil & Gas initiated with a Buy at Stifel » 16:1710/0810/08/20
Stifel analyst Derrick…
Stifel analyst Derrick Whitfield initiated coverage of Panhandle Oil & Gas with a Buy rating and $2.70 price target. The analyst said Panhandle offers "peer-leading" exposure to natural gas and he is increasingly constructive on the commodity.
Panhandle Oil & Gas acquires two packages of mineral and royalty assets » 16:3208/2708/27/20
Panhandle Oil & Gas…
Panhandle Oil & Gas has agreed to acquire two packages of mineral and royalty assets in Oklahoma and Texas totaling approximately 795 net royalty acres in the SCOOP and Haynesville plays from Red Stone Resources for $6.9M in cash and stock. The purchase price consists of $6.4M in cash and $0.5M in Panhandle common stock. Panhandle intends to raise the cash portion of the purchase price through an underwritten public offering of common stock. The stock issued in connection with the Acquisition will be subject to the same terms and conditions as the other subscribers for the offering. The board unanimously approved the acquisition. The acquisition is expected to close in 1Q21. The acquisition includes estimated reserves of 7.4 Bcfe -10% oil, 3% NGL and 87% natural gas; current net production 1.1 Mmcfe/d - 6% oil, 1% NGL and 93% natural gas -; estimated next 12 months production of 625 Mmcfe, and estimated next 12 months cash flow of $1.1M.