PHX Minerals (NYSE:PHX) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX) in a research report issued on Wednesday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 2.3 %

PHX opened at $3.90 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market capitalization of $146.17 million, a price-to-earnings ratio of 30.00 and a beta of 0.57. The business has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $3.59. PHX Minerals has a one year low of $2.95 and a one year high of $4.15.

PHX Minerals (NYSE:PHX) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company 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 period in the prior year, the firm posted $0.07 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Barclays PLC bought a new stake in PHX Minerals during the third quarter worth about $37,000. Geode Capital Management LLC lifted its holdings in shares of PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Empowered Funds LLC boosted its position in shares of PHX Minerals by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 6,566 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $5,320,000 after buying an additional 78,008 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals during the 3rd quarter valued at approximately $44,000. 38.19% of the stock is currently owned by institutional investors.

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.