PHX Minerals Drops 0.23% Amid $187M Merger Announcement

PHX Minerals Inc. (PHX) experienced a slight decline of 0.23% in today's trading session.

The strategy of buying PHX shares after they reached a recent peak and holding for 1 week yielded moderate returns over the past 5 years, but underperformed the market. The annualized return was 3.5%, slightly below the S&P 500's 4.5% return, with a maximum drawdown of 25.2%. This suggests the strategy provided some growth and stability but offered limited outperformance and risk control.

PHX Minerals Inc. (PHX) has been in the spotlight recently due to a significant merger announcement. On May 8, 2025, WhiteHawk Energy entered into a merger agreement to acquire PHX Minerals Inc. for $187 million in cash. This acquisition is expected to have a substantial impact on PHX's stock price, given the scale and financial implications of the deal. The merger is likely to bring about changes in the company's operations and strategic direction, which could influence investor sentiment and market performance.