PHX Minerals (PHX) Set to Announce Quarterly Earnings on Monday

PHX Minerals (NYSE:PHX – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

PHX Minerals (NYSE:PHX – Get Rating) last announced its earnings results on Monday, February 14th. The oil and gas producer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $16.60 million for the quarter, compared to analyst estimates of $12.15 million. PHX Minerals had a net margin of 3.24% and a return on equity of 1.75%.

Shares of PHX opened at $3.51 on Monday. The firm’s 50-day moving average price is $3.01 and its 200-day moving average price is $2.74. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23. PHX Minerals has a 1-year low of $2.07 and a 1-year high of $4.37.

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

Several hedge funds have recently made changes to their positions in PHX. UBS Group AG raised its position in shares of PHX Minerals by 150.9% during the 3rd quarter. UBS Group AG now owns 8,396 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 5,049 shares during the period. Stifel Financial Corp increased 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 valued at $62,000 after acquiring an additional 16,479 shares during the last quarter. Morgan Stanley increased 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 valued at $109,000 after acquiring an additional 28,771 shares during the last quarter. Millennium Management LLC increased 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 valued at $177,000 after acquiring an additional 11,002 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in PHX Minerals by 29.4% in the 3rd quarter. Geode Capital Management LLC now owns 270,587 shares of the oil and gas producer’s stock valued at $827,000 after acquiring an additional 61,405 shares during the last quarter. Hedge funds and other institutional investors own 34.37% of the company’s stock.

PHX Minerals Company Profile (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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