PHX Minerals (PHX) Scheduled to Post Earnings on Monday

PHX Minerals (NYSE:PHX) will announce its earnings results before the market opens on Monday, September 23rd. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

PHX Minerals (NYSE:PHX) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. The firm had revenue of $9.54 million during the quarter, compared to the consensus estimate of $7.40 million. During the same quarter last year, the firm earned ($0.02) earnings per share.

PHX Minerals Stock Performance

Shares of PHX Minerals stock opened at $3.44 on Friday. The stock has a market cap of $128.86 million, a price-to-earnings ratio of 31.27 and a beta of 0.57. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.23. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $3.81. The company’s fifty day moving average is $3.33 and its 200 day moving average is $3.29.

PHX Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, August 23rd. This is a positive change from PHX Minerals’s previous quarterly dividend of $0.03. PHX Minerals’s payout ratio is 145.45%.

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.