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

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

PHX Minerals Trading Down 0.2 %

Shares of PHX stock opened at $4.10 on Wednesday. PHX Minerals has a fifty-two week low of $3.09 and a fifty-two week high of $4.24. The company has a 50 day moving average price of $3.98 and a 200 day moving average price of $3.77. The stock has a market capitalization of $155.48 million, a P/E ratio of 31.54 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19.

Institutional Trading of PHX Minerals

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

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.