StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

Investment analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 0.8 %

NYSE:PHX opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.45. PHX Minerals has a one year low of $2.95 and a one year high of $4.08. The firm has a market cap of $142.05 million, a P/E ratio of 29.16 and a beta of 0.58.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same quarter last year, the firm earned $0.07 earnings per share.

Institutional Investors Weigh In On PHX Minerals

Hedge funds have recently added to or reduced their stakes in the business. Meixler Investment Management Ltd. acquired a new position in shares of PHX Minerals during the second quarter worth about $57,000. Ritholtz Wealth Management grew its holdings in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 8,220 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals in the 2nd quarter valued at approximately $40,000. Dimensional Fund Advisors LP raised its holdings in shares of PHX Minerals by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock valued at $5,320,000 after purchasing an additional 78,008 shares in the last quarter. Finally, James Investment Research Inc. lifted its position in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 4,500 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

PHX Minerals Company Profile

PHX Minerals Inc operates as a natural gas and oil mineral company in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Texas, Louisiana, North Dakota, and Arkansas. The company sells its products to various purchasers, including pipeline and marketing companies.