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

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

PHX Minerals Trading Up 1.3 %

NYSE PHX opened at $4.02 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market capitalization of $152.45 million, a price-to-earnings ratio of 30.93 and a beta of 0.51. The company’s 50-day simple moving average is $3.97 and its two-hundred day simple moving average is $3.74. PHX Minerals has a one year low of $3.01 and a one year high of $4.24.

Institutional Trading of PHX Minerals

Institutional investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in PHX Minerals in the 3rd quarter worth approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals during the 3rd quarter valued at approximately $44,000. Total Wealth Planning & Management Inc. acquired a new stake in PHX Minerals during the 4th quarter valued at approximately $72,000. Balyasny Asset Management L.P. acquired a new stake in PHX Minerals during the 4th quarter valued at approximately $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in PHX Minerals during the 4th quarter valued at approximately $106,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

About PHX Minerals

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.