PHX Minerals (PHX) Set to Announce Quarterly Earnings on Friday

PHX Minerals (NYSE:PHX) will issue its quarterly earnings data before the market opens on Friday, September 13th. Analysts expect the company to announce earnings of $0.01 per share for the quarter.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $9.54 million for the quarter, compared to analysts’ expectations of $7.40 million. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. During the same period in the prior year, the business earned ($0.02) EPS.

PHX Minerals Price Performance

PHX Minerals stock opened at $3.34 on Thursday. The stock has a market capitalization of $125.11 million, a price-to-earnings ratio of 30.36 and a beta of 0.57. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.81. The stock’s 50 day moving average price is $3.32 and its two-hundred day moving average price is $3.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.98 and a current ratio of 3.98.

PHX Minerals Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.79%. This is a boost from PHX Minerals’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, August 23rd. PHX Minerals’s dividend payout ratio is presently 145.45%.

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.