PHX Minerals (NYSE:PHX) Coverage Initiated at StockNews.com

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

PHX Minerals Price Performance

NYSE PHX opened at $3.99 on Friday. The stock has a market capitalization of $149.55 million, a price-to-earnings ratio of 30.69 and a beta of 0.57. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.08. 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 business’s fifty day moving average price is $3.75 and its 200-day moving average price is $3.50.

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

Institutional Investors Weigh In On PHX Minerals

A number of hedge funds have recently modified their holdings of PHX. Barclays PLC purchased a new position in PHX Minerals during the third quarter valued at $37,000. Oppenheimer Asset Management Inc. bought a new position in shares of PHX Minerals in the second quarter worth about $40,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals in the third quarter worth about $44,000. James Investment Research Inc. lifted its position 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 valued at $52,000 after buying an additional 4,500 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after acquiring an additional 6,566 shares during the period. Institutional investors own 38.19% of the company’s stock.

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.