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

Research analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a research report issued on Saturday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

Shares of NYSE:PHX opened at $4.15 on Friday. The firm has a market cap of $155.35 million, a PE ratio of 31.89 and a beta of 0.54. The firm’s fifty day moving average is $3.97 and its 200-day moving average is $3.67. 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 52 week low of $2.96 and a 52 week high of $4.23.

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds have recently modified their holdings of the business. Barclays PLC acquired a new position in PHX Minerals in the third quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals in the third quarter valued at $44,000. James Investment Research Inc. lifted 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 buying an additional 4,500 shares during the period. Balyasny Asset Management L.P. acquired a new position in PHX Minerals in the fourth quarter valued at $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals in the fourth quarter valued at $106,000. Institutional investors and hedge funds own 38.19% of the company’s stock.

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.