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

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

PHX Minerals Price Performance

Shares of PHX Minerals stock opened at $4.01 on Thursday. The stock has a 50 day moving average price of $3.64 and a 200-day moving average price of $3.42. PHX Minerals has a one year low of $2.95 and a one year high of $4.08. The stock has a market cap of $150.29 million, a price-to-earnings ratio of 30.85 and a beta of 0.58. 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). PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The firm had revenue of $9.14 million for the quarter. During the same period last year, the firm earned $0.07 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. James Investment Research Inc. lifted its stake in shares of 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 during the last quarter. Empowered Funds LLC grew its stake in PHX Minerals by 5.4% in the 3rd 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 in the last quarter. Ritholtz Wealth Management increased its position in shares of PHX Minerals by 36.5% during the second quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after acquiring an additional 8,220 shares during the period. Barclays PLC bought a new stake in shares of PHX Minerals during the third quarter valued at approximately $37,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals in the second quarter valued at approximately $40,000. Institutional investors 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.