Q3 2024 EPS Estimates for PHX Minerals Inc. (NYSE:PHX) Lifted by Analyst

PHX Minerals Inc. (NYSE:PHX – Get Rating) – Investment analysts at Seaport Res Ptn upped their Q3 2024 earnings per share estimates for shares of PHX Minerals in a research report issued to clients and investors on Thursday, May 18th. Seaport Res Ptn analyst N. Pope now forecasts that the oil and gas producer will post earnings of $0.07 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for PHX Minerals’ current full-year earnings is $0.21 per share. Seaport Res Ptn also issued estimates for PHX Minerals’ Q4 2024 earnings at $0.08 EPS.

Several other research firms also recently weighed in on PHX. TheStreet downgraded PHX Minerals from a “b-” rating to a “c+” rating in a research note on Tuesday, March 28th. Stifel Nicolaus lifted their price objective on PHX Minerals from $5.90 to $6.00 in a research report on Thursday, April 27th. Northland Securities decreased their price target on PHX Minerals from $7.00 to $5.50 and set an “outperform” rating for the company in a research note on Monday, February 13th. StockNews.com assumed coverage on PHX Minerals in a research report on Thursday. They set a “hold” rating for the company. Finally, Alliance Global Partners initiated coverage on PHX Minerals in a research note on Monday, April 17th. They issued a “buy” rating and a $5.00 price objective for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.50.

PHX Minerals Stock Up 0.8 %

Shares of NYSE:PHX opened at $2.92 on Monday. PHX Minerals has a 1 year low of $2.33 and a 1 year high of $4.98. The company has a market capitalization of $108.07 million, a PE ratio of 3.36 and a beta of 0.63. The business has a fifty day moving average price of $2.65 and a two-hundred day moving average price of $3.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.13 and a quick ratio of 5.13.

PHX Minerals Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Monday, May 22nd will be issued a $0.0225 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $0.09 annualized dividend and a dividend yield of 3.08%. PHX Minerals’s payout ratio is 10.34%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cowa LLC purchased a new position in PHX Minerals during the 3rd quarter worth $29,000. Advisor Group Holdings Inc. boosted its position in PHX Minerals by 900.0% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,000 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 9,000 shares in the last quarter. Squarepoint Ops LLC bought a new stake in PHX Minerals during the 1st quarter valued at $27,000. Cambridge Investment Research Advisors Inc. bought a new stake in PHX Minerals during the 1st quarter valued at $33,000. Finally, James Investment Research Inc. bought a new stake in PHX Minerals during the 4th quarter valued at $43,000. 35.07% of the stock is currently owned by hedge funds and other institutional investors.

About PHX Minerals

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PHX Minerals, Inc engages in the acquisition, management, and development of non-operated oil and natural gas properties, including wells located on the firm’s mineral and leasehold acreage. The company was founded on December 3, 1926 and is headquartered in Fort Worth, TX.