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

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

PHX Minerals Stock Performance

Shares of PHX Minerals stock opened at $3.90 on Thursday. The company has a 50 day moving average of $3.92 and a 200-day moving average of $3.61. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.15. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The company has a market cap of $146.17 million, a PE ratio of 30.00 and a beta of 0.54.

PHX Minerals (NYSE:PHX) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The business had revenue of $9.14 million for the quarter. During the same period in the previous year, the firm earned $0.07 EPS.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in PHX Minerals in the fourth quarter valued at about $106,000. Empowered Funds LLC raised its holdings in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after buying an additional 6,320 shares during the last quarter. Barclays PLC bought a new position in shares of PHX Minerals during the third quarter valued at $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 worth $1,023,000 after purchasing an additional 32,406 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals in the third quarter worth $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.