PHX Minerals Inc. (NYSE:PHX) Expected to Post Q2 2022 Earnings of $0.11 Per Share

PHX Minerals Inc. (NYSE:PHXGet Rating) – Analysts at Seaport Res Ptn upped their Q2 2022 EPS estimates for shares of PHX Minerals in a report released on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now expects that the oil and gas producer will earn $0.11 per share for the quarter, up from their previous estimate of $0.10. Seaport Res Ptn also issued estimates for PHX Minerals’ Q3 2022 earnings at $0.17 EPS, Q4 2022 earnings at $0.19 EPS and Q1 2023 earnings at $0.25 EPS.

PHX has been the topic of several other reports. TheStreet upgraded shares of PHX Minerals from a “d+” rating to a “c-” rating in a research report on Thursday, April 14th. Zacks Investment Research raised PHX Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, March 2nd. Finally, StockNews.com cut PHX Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $3.88.

Shares of PHX Minerals stock opened at $3.63 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $2.81 and its two-hundred day moving average price is $2.72. PHX Minerals has a 52 week low of $1.99 and a 52 week high of $4.37. The stock has a market cap of $125.23 million, a PE ratio of -363.00 and a beta of 0.81.

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

A number of institutional investors and hedge funds have recently modified their holdings of PHX. SG3 Management LLC increased its stake in PHX Minerals by 130.3% in the 4th quarter. SG3 Management LLC now owns 75,110 shares of the oil and gas producer’s stock worth $163,000 after purchasing an additional 323,010 shares in the last quarter. Morgan Stanley grew its stake in PHX Minerals by 931.8% during the 3rd quarter. Morgan Stanley now owns 302,031 shares of the oil and gas producer’s stock valued at $924,000 after acquiring an additional 272,760 shares in the last quarter. Edenbrook Capital LLC grew its stake in PHX Minerals by 3.3% during the 4th quarter. Edenbrook Capital LLC now owns 5,094,571 shares of the oil and gas producer’s stock valued at $11,055,000 after acquiring an additional 160,625 shares in the last quarter. Millennium Management LLC grew its stake in PHX Minerals by 157.6% during the 3rd quarter. Millennium Management LLC now owns 122,746 shares of the oil and gas producer’s stock valued at $376,000 after acquiring an additional 75,090 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in PHX Minerals by 15.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 464,801 shares of the oil and gas producer’s stock valued at $1,009,000 after acquiring an additional 62,621 shares in the last quarter. 46.96% of the stock is currently owned by hedge funds and other institutional investors.

About PHX Minerals (Get Rating)

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. As of September 30, 2021, the company owned perpetual ownership of 251,600 net mineral acres; leased 18,298 net acres; and held working interests and royalty interests in 6,457 producing oil and natural gas wells, as well as had 277 wells in the process of being drilled or completed.

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

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