Brokerages Anticipate PHX Minerals Inc. (NYSE:PHX) to Announce $0.07 EPS

Wall Street brokerages predict that PHX Minerals Inc. (NYSE:PHX) will report earnings per share (EPS) of $0.07 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for PHX Minerals’ earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.09. PHX Minerals posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 250%. The company is scheduled to report its next earnings report on Thursday, December 9th.

On average, analysts expect that PHX Minerals will report full year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.19. For the next financial year, analysts anticipate that the business will post earnings of $0.25 per share, with EPS estimates ranging from $0.17 to $0.33. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow PHX Minerals.

PHX Minerals (NYSE:PHX) last issued its earnings results on Thursday, August 5th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $5.94 million for the quarter, compared to the consensus estimate of $8.51 million. PHX Minerals had a negative net margin of 18.98% and a positive return on equity of 4.55%.

Separately, Zacks Investment Research downgraded shares of PHX Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, October 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $3.00.

Shares of NYSE PHX traded up $0.01 during midday trading on Thursday, hitting $3.33. The stock had a trading volume of 170 shares, compared to its average volume of 306,068. The business’s 50 day moving average is $2.86 and its 200-day moving average is $3.01. The company has a market cap of $101.24 million, a P/E ratio of -19.59 and a beta of 1.13. PHX Minerals has a 52 week low of $1.36 and a 52 week high of $4.37. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Thursday, August 26th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $0.04 dividend on an annualized basis and a yield of 1.20%. PHX Minerals’s dividend payout ratio (DPR) is 80.00%.

In related news, major shareholder Edenbrook Capital, Llc acquired 59,000 shares of the stock in a transaction that occurred on Friday, August 13th. The shares were bought at an average price of $2.84 per share, for a total transaction of $167,560.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 386,329 shares of company stock worth $1,042,610. 4.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new position in PHX Minerals in the first quarter worth approximately $35,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of PHX Minerals in the second quarter worth $58,000. NEXT Financial Group Inc purchased a new stake in shares of PHX Minerals in the second quarter worth $74,000. Goldman Sachs Group Inc. purchased a new stake in shares of PHX Minerals in the first quarter worth $59,000. Finally, Jump Financial LLC purchased a new stake in shares of PHX Minerals in the second quarter worth $90,000. Institutional investors and hedge funds own 40.41% of the company’s stock.

PHX Minerals Company Profile

PHX Minerals, Inc engages in the acquisition, management, and development of non-operated oil and natural gas properties, including wells located on the firm’s mineral and leasehold acreage. Its products include natural gas, crude oil and NGL. The company was founded in 1926 and is headquartered in Oklahoma City, OK.

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