PHX Minerals (NYSE:PHX) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued on Thursday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of PHX stock opened at $4.01 on Thursday. The firm has a market cap of $150.29 million, a price-to-earnings ratio of 30.85 and a beta of 0.58. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $4.08. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $3.64 and its 200 day moving average is $3.42.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHX. Barclays PLC acquired a new stake in PHX Minerals in the 3rd quarter worth approximately $37,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of PHX Minerals during the second quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of PHX Minerals during the third quarter valued at $44,000. James Investment Research Inc. increased its position 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 acquiring an additional 4,500 shares during the period. Finally, Meixler Investment Management Ltd. purchased a new position in PHX Minerals in the 2nd quarter worth $57,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

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.