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

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

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $3.90 on Wednesday. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.15. The business has a fifty day simple moving average of $3.91 and a 200-day simple moving average of $3.59. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The company has a market cap of $146.21 million, a P/E ratio of 30.01 and a beta of 0.57.

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

Institutional Investors Weigh In On PHX Minerals

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in PHX Minerals in the 3rd quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals in the third quarter worth $44,000. James Investment Research Inc. increased its position in shares of PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC raised its stake in shares of 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 valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 32,406 shares during the last quarter. Institutional investors and hedge funds own 38.19% of the company’s stock.

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.