StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

Analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHXGet Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Up 1.4 %

Shares of PHX opened at $4.06 on Tuesday. The company has a market capitalization of $151.99 million, a price-to-earnings ratio of 31.19 and a beta of 0.57. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.10. The stock’s 50-day moving average price is $3.86 and its 200-day moving average price is $3.56. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHXGet Free Report) last released its quarterly earnings data 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). The company had revenue of $9.14 million during the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same quarter in the previous year, the company posted $0.07 EPS.

Hedge Funds Weigh In On PHX Minerals

Hedge funds have recently bought and sold shares of the business. Barclays PLC acquired a new position in PHX Minerals during the third quarter worth $37,000. Geode Capital Management LLC increased its stake in shares of PHX Minerals by 12.0% during the third 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. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHX Minerals in the 3rd quarter valued at about $44,000. Empowered Funds LLC lifted its stake 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 in the last quarter. Finally, James Investment Research Inc. boosted its holdings in 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 worth $52,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 38.19% of the company’s stock.

PHX Minerals Company Profile

(Get Free Report)

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.

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