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

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

PHX Minerals Stock Up 0.3 %

PHX stock opened at $3.71 on Monday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $3.48 and a two-hundred day moving average of $3.35. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $3.74. The company has a market cap of $139.05 million, a price-to-earnings ratio of 28.54 and a beta of 0.55.

PHX Minerals (NYSE:PHX) last posted its quarterly 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). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The company had revenue of $9.14 million during the quarter. During the same period in the previous year, the business earned $0.07 EPS.

Institutional Trading of PHX Minerals

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in shares of PHX Minerals during the third quarter worth about $37,000. Oppenheimer Asset Management Inc. purchased a new position in shares of PHX Minerals in the 2nd quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHX Minerals during the 3rd quarter worth approximately $44,000. James Investment Research Inc. raised its stake in PHX Minerals by 40.9% during the 3rd 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 in the last quarter. Finally, Meixler Investment Management Ltd. acquired a new position in PHX Minerals in the second quarter valued at $57,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

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.