PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

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

PHX Minerals Stock Up 3.1 %

NYSE:PHX opened at $3.97 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.08. The company has a 50-day moving average of $3.72 and a 200 day moving average of $3.47. The firm has a market cap of $148.80 million, a PE ratio of 30.54 and a beta of 0.58.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The business had revenue of $9.14 million during the quarter. During the same period in the prior year, the company posted $0.07 EPS.

Institutional Investors Weigh In On PHX Minerals

A number of institutional investors have recently added to or reduced their stakes in PHX. Barclays PLC purchased a new position in PHX Minerals in the third quarter valued at about $37,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PHX Minerals in the 2nd quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals in the 3rd quarter worth approximately $44,000. James Investment Research Inc. raised its stake 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 acquiring an additional 4,500 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of 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. Institutional investors own 38.19% of the company’s stock.

About PHX Minerals

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.