Brokerages Expect PHX Minerals Inc. (NYSE:PHX) Will Announce Quarterly Sales of $10.37 Million

Wall Street brokerages predict that PHX Minerals Inc. (NYSE:PHX) will announce sales of $10.37 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for PHX Minerals’ earnings. The lowest sales estimate is $8.90 million and the highest is $12.00 million. PHX Minerals posted sales of $4.37 million during the same quarter last year, which suggests a positive year-over-year growth rate of 137.3%. The company is expected to report its next quarterly earnings report on Thursday, December 9th.

On average, analysts expect that PHX Minerals will report full year sales of $36.44 million for the current financial year, with estimates ranging from $34.88 million to $38.00 million. For the next financial year, analysts forecast that the company will report sales of $40.83 million, with estimates ranging from $35.66 million to $46.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for PHX Minerals.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings results on Thursday, August 5th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.01. PHX Minerals had a positive return on equity of 4.55% and a negative net margin of 18.98%. The business had revenue of $5.94 million for the quarter, compared to the consensus estimate of $8.51 million.

In other PHX Minerals news, major shareholder Edenbrook Capital, Llc purchased 77,065 shares of the business’s stock in a transaction that occurred on Friday, August 6th. The stock was purchased at an average price of $3.00 per share, for a total transaction of $231,195.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders purchased 386,329 shares of company stock valued at $1,042,610. 4.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of PHX Minerals during the first quarter worth $35,000. Charles Schwab Investment Management Inc. purchased a new position in PHX Minerals in the second quarter valued at $58,000. Goldman Sachs Group Inc. purchased a new position in PHX Minerals in the first quarter valued at $59,000. NEXT Financial Group Inc purchased a new position in shares of PHX Minerals during the second quarter worth about $74,000. Finally, Jump Financial LLC purchased a new position in shares of PHX Minerals during the second quarter worth about $90,000. Hedge funds and other institutional investors own 40.41% of the company’s stock.

PHX Minerals stock opened at $2.79 on Friday. The business has a fifty day moving average price of $2.80 and a 200-day moving average price of $3.00. PHX Minerals has a 1-year low of $1.36 and a 1-year high of $4.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $84.82 million, a price-to-earnings ratio of -16.41 and a beta of 1.13.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Thursday, August 26th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $0.04 annualized dividend and a dividend yield of 1.43%. PHX Minerals’s dividend payout ratio (DPR) is presently 80.00%.

About PHX Minerals

PHX Minerals, Inc engages in the acquisition, management, and development of non-operated oil and natural gas properties, including wells located on the firm’s mineral and leasehold acreage. Its products include natural gas, crude oil and NGL. The company was founded in 1926 and is headquartered in Oklahoma City, OK.

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