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

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

PHX Minerals Trading Down 5.3 %

Shares of PHX opened at $3.42 on Friday. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $3.74. The firm has a market capitalization of $128.25 million, a price-to-earnings ratio of 22.80 and a beta of 0.56. The firm’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.35. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.23.

PHX Minerals (NYSE:PHX) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. The firm had revenue of $9.54 million during the quarter, compared to analyst estimates of $7.40 million. During the same quarter in the prior year, the company earned ($0.02) EPS. Sell-side analysts anticipate that PHX Minerals will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PHX. James Investment Research Inc. increased its stake in shares of PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 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. Oppenheimer Asset Management Inc. bought a new position in PHX Minerals during the 2nd quarter valued at approximately $40,000. Ritholtz Wealth Management raised its stake in PHX Minerals by 36.5% during the second quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after buying an additional 8,220 shares during the last quarter. Finally, Meixler Investment Management Ltd. bought a new stake in PHX Minerals in the second quarter worth $57,000. 38.19% of the stock is owned by hedge funds and other 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.