PHX Minerals (NYSE:PHX) Now Covered by StockNews.com

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

PHX Minerals Stock Down 1.3 %

Shares of PHX opened at $4.15 on Friday. PHX Minerals has a 12 month low of $2.96 and a 12 month high of $4.23. The firm’s 50 day moving average is $3.97 and its 200-day moving average is $3.67. The stock has a market capitalization of $155.35 million, a PE ratio of 31.89 and a beta of 0.54. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22.

Institutional Trading of PHX Minerals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC bought a new stake in shares of PHX Minerals during the third quarter worth $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake 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% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of PHX Minerals during the fourth quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals during the fourth quarter worth $106,000. 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.