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

Research 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

NYSE:PHX opened at $3.99 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $3.56. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.15. The company has a market capitalization of $149.55 million, a P/E ratio of 30.69 and a beta of 0.57.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share 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 business had revenue of $9.14 million during the quarter. During the same quarter in the previous year, the business posted $0.07 EPS.

Institutional Investors Weigh In On PHX Minerals

Institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new position in PHX Minerals in the 3rd quarter worth approximately $37,000. Geode Capital Management LLC increased its holdings in shares of 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 worth $1,023,000 after buying an additional 32,406 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals in the third quarter valued at $44,000. Empowered Funds LLC boosted its stake in 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. Finally, James Investment Research Inc. lifted its holdings 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 acquiring an additional 4,500 shares during the last quarter. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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.