PHX Minerals (PHX) to Release Quarterly Earnings on Monday

PHX Minerals (NYSE:PHX) will be releasing its earnings data before the market opens on Monday, September 23rd. Analysts expect PHX Minerals to post earnings of $0.01 per share for the quarter.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $9.54 million during the quarter, compared to analyst estimates of $7.40 million. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. During the same quarter in the previous year, the firm earned ($0.02) EPS.

PHX Minerals Stock Performance

PHX opened at $3.44 on Friday. The firm’s fifty day simple moving average is $3.33 and its two-hundred day simple moving average is $3.29. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.81. The company has a market cap of $128.86 million, a price-to-earnings ratio of 31.27 and a beta of 0.57. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.23.

PHX Minerals Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were paid a $0.04 dividend. The ex-dividend date was Friday, August 23rd. This is a positive change from PHX Minerals’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 4.65%. PHX Minerals’s dividend payout ratio (DPR) is currently 145.45%.

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.