PHX Minerals (PHX) Scheduled to Post Earnings on Friday

PHX Minerals (NYSE:PHX) will be posting its quarterly earnings results after the market closes on Friday, October 4th. Analysts expect PHX Minerals to post earnings of $0.03 per share for the quarter.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $9.54 million for the quarter, compared to analyst estimates of $7.40 million. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. During the same quarter in the prior year, the business posted ($0.02) EPS.

PHX Minerals Stock Performance

Shares of PHX stock traded up $0.02 during mid-day trading on Thursday, reaching $3.40. The stock had a trading volume of 58,932 shares, compared to its average volume of 49,481. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $3.81. The business’s fifty day moving average is $3.35 and its 200-day moving average is $3.31. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $127.50 million, a price-to-earnings ratio of 30.73 and a beta of 0.57.

PHX Minerals Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.04 dividend. This is an increase from PHX Minerals’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Friday, August 23rd. PHX Minerals’s dividend payout ratio is 145.47%.

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.