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

Stock analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a research report issued on Tuesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of PHX Minerals stock opened at $3.73 on Tuesday. The company has a market capitalization of $139.80 million, a PE ratio of 28.69 and a beta of 0.55. The company has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.38. PHX Minerals has a one year low of $2.95 and a one year high of $3.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same period in the previous year, the business posted $0.07 EPS.

Institutional Investors Weigh In On PHX Minerals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of PHX Minerals by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock worth $5,320,000 after acquiring an additional 78,008 shares during the last quarter. Ancora Advisors LLC grew its position in PHX Minerals by 52.6% during the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock worth $1,676,000 after purchasing an additional 169,470 shares during the last quarter. Geode Capital Management LLC increased its stake in PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after purchasing an additional 32,406 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of PHX Minerals by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock worth $1,013,000 after buying an additional 96,894 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after buying an additional 6,566 shares during the period. 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.