Zacks: Brokerages Expect PHX Minerals Inc. (NYSE:PHX) to Announce $0.05 Earnings Per Share

Brokerages expect PHX Minerals Inc. (NYSE:PHXGet Rating) to post $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for PHX Minerals’ earnings. The lowest EPS estimate is ($0.01) and the highest is $0.10. PHX Minerals posted earnings per share of $0.06 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that PHX Minerals will report full-year earnings of $0.06 per share for the current year. For the next year, analysts forecast that the business will post earnings of $0.26 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover PHX Minerals.

PHX Minerals (NYSE:PHXGet Rating) last released its quarterly earnings data on Monday, February 14th. The oil and gas producer reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company had revenue of $16.60 million during the quarter, compared to the consensus estimate of $12.15 million. PHX Minerals had a net margin of 3.24% and a return on equity of 1.75%.

Several analysts have recently weighed in on the stock. StockNews.com cut shares of PHX Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Zacks Investment Research upgraded shares of PHX Minerals from a “sell” rating to a “hold” rating in a research report on Wednesday, March 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $3.88.

NYSE:PHX traded up $0.16 during trading hours on Tuesday, hitting $3.02. The stock had a trading volume of 2,397 shares, compared to its average volume of 202,246. The company has a 50 day simple moving average of $2.65 and a two-hundred day simple moving average of $2.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.12 and a quick ratio of 1.12. PHX Minerals has a one year low of $1.96 and a one year high of $4.37. The firm has a market capitalization of $104.19 million, a price-to-earnings ratio of -304.00 and a beta of 0.81.

Institutional investors have recently made changes to their positions in the business. UBS Group AG grew its holdings in PHX Minerals by 150.9% in the 3rd quarter. UBS Group AG now owns 8,396 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 5,049 shares during the last quarter. Stifel Financial Corp grew its holdings in PHX Minerals by 137.3% in the 4th quarter. Stifel Financial Corp now owns 28,479 shares of the oil and gas producer’s stock worth $62,000 after acquiring an additional 16,479 shares during the last quarter. Morgan Stanley grew its holdings in PHX Minerals by 5,754.2% in the 2nd quarter. Morgan Stanley now owns 29,271 shares of the oil and gas producer’s stock worth $109,000 after acquiring an additional 28,771 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in PHX Minerals by 70.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 35,098 shares of the oil and gas producer’s stock worth $131,000 after acquiring an additional 14,518 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in PHX Minerals by 30.0% in the 2nd quarter. Millennium Management LLC now owns 47,656 shares of the oil and gas producer’s stock worth $177,000 after acquiring an additional 11,002 shares during the last quarter. 46.96% of the stock is currently owned by institutional investors and hedge funds.

PHX Minerals Company Profile (Get Rating)

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. Its products include natural gas, crude oil and NGL. The company was founded on December 3, 1926 and is headquartered in Oklahoma City, OK.

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Earnings History and Estimates for PHX Minerals (NYSE:PHX)

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