PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 3.8 %

Shares of PHX stock opened at $4.04 on Friday. PHX Minerals has a 12 month low of $2.96 and a 12 month high of $4.24. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $3.99 and its two-hundred day moving average is $3.71. The company has a market cap of $151.42 million, a PE ratio of 31.08 and a beta of 0.54.

Hedge Funds Weigh In On PHX Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in PHX Minerals during the third quarter valued at approximately $37,000. Geode Capital Management LLC grew its stake in shares of PHX Minerals by 12.0% in 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 acquiring an additional 32,406 shares during the last quarter. Empowered Funds LLC grew its stake in shares of PHX Minerals by 4.9% in the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after acquiring an additional 6,320 shares during the last quarter. 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 acquiring an additional 4,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the third quarter worth $44,000. Institutional investors and hedge funds 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.