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

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a note issued to investors on Saturday. The firm set 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 firm’s 50 day moving average is $3.72 and its 200-day moving average is $3.47. The firm has a market capitalization of $148.80 million, a price-to-earnings ratio of 30.54 and a beta of 0.58. PHX Minerals has a 1 year low of $2.95 and a 1 year high of $4.08. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm 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 period last year, the firm posted $0.07 EPS.

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new position in shares of PHX Minerals in the 3rd quarter valued at $37,000. Oppenheimer Asset Management Inc. acquired a new position in PHX Minerals in the second quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals during the third quarter worth about $44,000. James Investment Research Inc. lifted its stake 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 in the last quarter. Finally, Ritholtz Wealth Management boosted its stake in PHX Minerals by 36.5% in the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after purchasing an additional 8,220 shares during the period. Institutional investors 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.