Short Interest in PHX Minerals Inc. (NYSE:PHX) Expands By 29.5%


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PHX Minerals Inc. (NYSE:PHX) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 131,600 shares, a growth of 29.5% from the March 31st total of 101,600 shares. Based on an average daily trading volume, of 281,000 shares, the short-interest ratio is presently 0.5 days.

In other PHX Minerals news, CEO Chad L. Stephens purchased 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 20th. The stock was purchased at an average cost of $2.00 per share, with a total value of $80,000.00. Following the transaction, the chief executive officer now owns 449,473 shares in the company, valued at $898,946. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edenbrook Capital, Llc purchased 15,596 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were acquired at an average cost of $3.02 per share, with a total value of $47,099.92. The disclosure for this purchase can be found here. Insiders have bought a total of 1,730,762 shares of company stock valued at $3,533,152 over the last three months. Corporate insiders own 5.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP lifted its position in PHX Minerals by 31.8% in the 4th quarter. GSA Capital Partners LLP now owns 64,277 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 15,507 shares in the last quarter. BlackRock Inc. raised its holdings in shares of PHX Minerals by 2.6% during the 4th quarter. BlackRock Inc. now owns 451,574 shares of the oil and gas producer’s stock valued at $1,039,000 after purchasing an additional 11,297 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of PHX Minerals by 367.2% during the 4th quarter. Susquehanna International Group LLP now owns 48,072 shares of the oil and gas producer’s stock valued at $111,000 after purchasing an additional 37,783 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of PHX Minerals by 23.7% during the 4th quarter. Renaissance Technologies LLC now owns 143,000 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 27,400 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of PHX Minerals by 8.2% during the 4th quarter. Northern Trust Corp now owns 53,615 shares of the oil and gas producer’s stock valued at $123,000 after purchasing an additional 4,082 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Shares of PHX Minerals stock traded down $0.12 during trading on Tuesday, reaching $3.03. The company had a trading volume of 625,915 shares, compared to its average volume of 307,086. The company has a market cap of $67.98 million, a price-to-earnings ratio of -2.20 and a beta of 1.21. The firm’s fifty day moving average is $2.78 and its 200-day moving average is $2.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.99 and a current ratio of 3.99. PHX Minerals has a fifty-two week low of $1.36 and a fifty-two week high of $5.43.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings data on Monday, February 8th. The oil and gas producer reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $6.19 million during the quarter, compared to analysts’ expectations of $7.00 million. PHX Minerals had a negative net margin of 78.94% and a positive return on equity of 3.78%. On average, research analysts anticipate that PHX Minerals will post -0.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Thursday, May 20th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.32%. PHX Minerals’s payout ratio is 80.00%.

A number of research firms have weighed in on PHX. Zacks Investment Research raised shares of PHX Minerals from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday, April 7th. Northland Securities began coverage on shares of PHX Minerals in a research report on Monday. They issued an “outperform” rating and a $4.00 price objective for the company.

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. It owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas. As of September 30, 2020, it had proved reserves of 57.7 Bcfe.

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