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

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a note issued to investors on Tuesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

PHX Minerals stock opened at $3.85 on Tuesday. The stock has a market cap of $144.30 million, a PE ratio of 29.62 and a beta of 0.55. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $3.88. The business’s 50-day moving average price is $3.51 and its two-hundred day moving average price is $3.37.

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 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 company had revenue of $9.14 million during the quarter. During the same period last year, the firm posted $0.07 earnings per share.

Institutional Trading of PHX Minerals

A number of hedge funds have recently made changes to their positions in PHX. Barclays PLC bought a new position in PHX Minerals in the 3rd quarter valued at approximately $37,000. Oppenheimer Asset Management Inc. bought a new position in shares of PHX Minerals during the second quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals during the third quarter worth $44,000. James Investment Research Inc. grew its stake in shares of PHX Minerals by 40.9% in the third 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. Finally, Meixler Investment Management Ltd. bought a new stake in shares of PHX Minerals in the second quarter worth $57,000. 38.19% of the stock is owned by institutional investors and hedge funds.

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.