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

StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX) in a report released on Monday morning. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Down 4.0 %

PHX Minerals stock opened at $3.56 on Monday. 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 firm has a market cap of $133.43 million, a P/E ratio of 28.54 and a beta of 0.55. The business has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.35. PHX Minerals has a twelve month low of $2.95 and a twelve month high of $3.76.

PHX Minerals (NYSE:PHX) last issued 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 company 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 business earned $0.07 EPS.

PHX Minerals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.16 dividend on an annualized basis and a yield of 4.49%. PHX Minerals’s payout ratio is 123.08%.

Hedge Funds Weigh In On PHX Minerals

Several institutional investors and hedge funds have recently bought and sold shares of PHX. Geode Capital Management LLC boosted its position in shares of PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 32,406 shares in the last quarter. Barclays PLC purchased a new position in shares of PHX Minerals in the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the third quarter worth $44,000. Empowered Funds LLC lifted its position in PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 6,566 shares during the period. Finally, James Investment Research Inc. boosted its holdings in PHX Minerals by 40.9% in 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 purchasing an additional 4,500 shares during the last quarter. 38.19% of the stock is 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.