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

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a report issued on Saturday. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Up 3.1 %

Shares of PHX Minerals stock opened at $3.97 on Friday. The company has a market cap of $148.80 million, a P/E ratio of 30.54 and a beta of 0.58. The firm has a 50-day simple moving average of $3.72 and a two-hundred day simple moving average of $3.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $4.08.

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

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.04 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.03%. PHX Minerals’s dividend payout ratio (DPR) is 123.08%.

Institutional Trading of PHX Minerals

Hedge funds have recently bought and sold shares of the company. Barclays PLC purchased a new position in PHX Minerals during the third quarter worth about $37,000. Oppenheimer Asset Management Inc. acquired a new position in PHX Minerals during the second quarter worth approximately $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals during the third quarter worth approximately $44,000. James Investment Research Inc. boosted 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 valued at $52,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of PHX Minerals by 36.5% in the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock valued at $100,000 after purchasing an additional 8,220 shares during the last quarter. Institutional investors and hedge funds own 38.19% of the company’s stock.

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.