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

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

PHX Minerals Price Performance

Shares of PHX stock opened at $3.97 on Friday. The stock’s fifty day simple moving average is $3.76 and its 200 day simple moving average is $3.51. PHX Minerals has a one year low of $2.95 and a one year high of $4.08. The firm has a market cap of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19.

PHX Minerals (NYSE:PHX) last issued its 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 net margin of 12.33% and a return on equity of 4.16%. The firm had revenue of $9.14 million during the quarter. During the same quarter in the previous year, the company earned $0.07 EPS.

PHX Minerals Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. James Investment Research Inc. increased its holdings in shares of 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 in the last quarter. Empowered Funds LLC boosted its position in PHX Minerals by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after buying an additional 6,566 shares during the last quarter. Barclays PLC acquired a new stake in shares of PHX Minerals in the 3rd quarter valued at $37,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PHX Minerals during the second quarter worth $40,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals during the third quarter worth $44,000. 38.19% of the stock is owned by institutional investors and hedge funds.

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.