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

StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a report issued on Saturday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Up 3.1 %

Shares of PHX opened at $3.97 on Friday. The company’s fifty day simple moving average is $3.72 and its 200-day simple moving average is $3.47. The company has a market cap of $148.80 million, a P/E ratio of 30.54 and a beta of 0.58. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $4.08.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The firm had revenue of $9.14 million during the quarter. During the same quarter in the prior year, the business earned $0.07 earnings per share.

Institutional Trading of PHX Minerals

A number of large investors have recently made changes to their positions in the stock. Barclays PLC purchased a new position in PHX Minerals in the 3rd quarter worth about $37,000. Oppenheimer Asset Management Inc. bought a new position in PHX Minerals in the 2nd quarter worth about $40,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals in the 3rd quarter worth about $44,000. James Investment Research Inc. increased its position in shares of PHX Minerals by 40.9% during 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 period. Finally, Ritholtz Wealth Management raised its stake in shares of PHX Minerals by 36.5% during the second quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after acquiring an additional 8,220 shares in the last quarter. 38.19% of the stock is owned by hedge funds and other institutional investors.

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.