StockNews.com Begins Coverage on PHX Minerals (NYSE:PHX)

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Monday. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Up 3.4 %

PHX Minerals stock opened at $3.90 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market capitalization of $146.10 million, a price-to-earnings ratio of 29.99 and a beta of 0.51. PHX Minerals has a fifty-two week low of $2.96 and a fifty-two week high of $4.24. The stock’s fifty day moving average is $3.97 and its two-hundred day moving average is $3.73.

Institutional Trading of PHX Minerals

Several large investors have recently bought and sold shares of PHX. Barclays PLC purchased a new stake in shares of PHX Minerals in the third quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHX Minerals in the third quarter valued at $44,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of PHX Minerals in the fourth quarter valued at $72,000. Balyasny Asset Management L.P. purchased a new stake in shares of PHX Minerals in the fourth quarter valued at $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of PHX Minerals in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

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.