PHX Minerals (NYSE:PHX) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX) in a note issued to investors on Sunday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 0.5 %

PHX opened at $3.97 on Friday. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $4.08. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market capitalization of $148.80 million, a PE ratio of 30.54 and a beta of 0.57. The firm’s fifty day moving average price is $3.75 and its 200 day moving average price is $3.50.

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

Hedge Funds Weigh In On PHX Minerals

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of PHX Minerals during the third quarter worth $37,000. Geode Capital Management LLC raised its stake in PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after acquiring an additional 32,406 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals in the third quarter worth about $44,000. Empowered Funds LLC lifted its holdings in PHX Minerals by 5.4% in the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after acquiring an additional 6,566 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in PHX Minerals by 40.9% in the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 4,500 shares during the period. 38.19% of the stock is currently owned by 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.