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

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

PHX Minerals Price Performance

Shares of NYSE PHX opened at $3.97 on Monday. The business’s 50 day moving average price is $3.79 and its two-hundred day moving average price is $3.53. The company has a market cap of $148.80 million, a PE ratio of 30.54 and a beta of 0.57. 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 twelve month low of $2.95 and a twelve month high of $4.08.

PHX Minerals (NYSE:PHX) last issued its quarterly 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). 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 in the prior year, the business posted $0.07 EPS.

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 32,406 shares during the period. Barclays PLC bought a new position in PHX Minerals in the third quarter valued at $37,000. Empowered Funds LLC increased its stake in PHX Minerals by 5.4% in the third 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 last quarter. Oppenheimer Asset Management Inc. bought a new position in PHX Minerals in the second quarter valued at $40,000. Finally, Dimensional Fund Advisors LP increased its stake in PHX Minerals by 5.0% in 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 acquiring an additional 78,008 shares during the last quarter. Hedge funds and other 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.