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

Research analysts at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a report issued on Friday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $3.82 on Friday. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.08. The company has a 50-day moving average price of $3.69 and a 200 day moving average price of $3.44. The company has a market cap of $143.18 million, a P/E ratio of 29.39 and a beta of 0.58. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter. During the same period last year, the business posted $0.07 earnings per share.

Institutional Trading of PHX Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new position in PHX Minerals in the third quarter valued at about $37,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PHX Minerals in the 2nd quarter worth approximately $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals in the 3rd quarter valued at approximately $44,000. James Investment Research Inc. raised its holdings 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 worth $52,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Meixler Investment Management Ltd. purchased a new stake in PHX Minerals during the second quarter worth $57,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

PHX Minerals Company Profile

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.