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

Stock analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHXGet Free Report) in a research note issued to investors on Sunday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of NYSE PHX opened at $3.99 on Friday. The company has a market cap of $149.55 million, a P/E ratio of 30.69 and a beta of 0.57. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $4.08. 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’s fifty day moving average is $3.75 and its two-hundred day moving average is $3.50.

PHX Minerals (NYSE:PHXGet Free Report) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $9.14 million during 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 business earned $0.07 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PHX. Dimensional Fund Advisors LP lifted its position in PHX Minerals by 5.0% during the second 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 during the last quarter. Geode Capital Management LLC raised its position in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 32,406 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals in the 3rd quarter valued at about $44,000. Oppenheimer Asset Management Inc. purchased a new position in PHX Minerals in the second quarter worth about $40,000. Finally, Barclays PLC bought a new stake in PHX Minerals during the third quarter worth approximately $37,000. 38.19% of the stock is owned by hedge funds and other institutional investors.

PHX Minerals Company Profile

(Get Free Report)

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.

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