PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

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

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $3.73 on Tuesday. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $3.88. 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 company has a market cap of $139.80 million, a PE ratio of 28.69 and a beta of 0.55. The company’s 50 day moving average is $3.54 and its 200 day moving average is $3.38.

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

Institutional Trading of PHX Minerals

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC acquired a new position in PHX Minerals in the third quarter valued at approximately $37,000. Oppenheimer Asset Management Inc. acquired a new position in shares of PHX Minerals in the 2nd quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals during the third quarter worth $44,000. James Investment Research Inc. grew its position in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 4,500 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new position in PHX Minerals in the second quarter valued at $57,000. 38.19% of the stock is 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.