PHX Minerals (NYSE:PHX) Price Target Cut to $4.70 by Analysts at Stifel Nicolaus

PHX Minerals (NYSE:PHX – Get Rating) had its price target cut by Stifel Nicolaus from $6.00 to $4.70 in a research report report published on Monday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. StockNews.com began coverage on PHX Minerals in a research note on Thursday, May 18th. They issued a hold rating on the stock. Alliance Global Partners began coverage on PHX Minerals in a research note on Monday, April 17th. They issued a buy rating and a $5.00 target price on the stock. TheStreet cut PHX Minerals from a b- rating to a c+ rating in a research note on Tuesday, March 28th. Finally, Northland Securities cut their target price on PHX Minerals from $7.00 to $5.50 and set an outperform rating on the stock in a research note on Monday, February 13th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $5.07.

PHX Minerals Price Performance

Shares of PHX Minerals stock opened at $2.99 on Monday. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.22. The company has a market cap of $110.66 million, a PE ratio of 3.44 and a beta of 0.63. The business has a 50 day moving average of $2.65 and a 200 day moving average of $3.24. PHX Minerals has a 52 week low of $2.33 and a 52 week high of $4.98.

PHX Minerals Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Monday, May 22nd will be given a dividend of $0.0225 per share. The ex-dividend date is Friday, May 19th. This represents a $0.09 annualized dividend and a dividend yield of 3.01%. PHX Minerals’s dividend payout ratio (DPR) is presently 10.34%.

Institutional Investors Weigh In On PHX Minerals

Institutional investors have recently modified their holdings of the business. James Investment Research Inc. purchased a new stake in shares of PHX Minerals during the fourth quarter valued at $43,000. RFG Advisory LLC purchased a new stake in shares of PHX Minerals during the third quarter valued at $95,000. Edenbrook Capital LLC boosted its position in shares of PHX Minerals by 2.5% during the third quarter. Edenbrook Capital LLC now owns 5,249,095 shares of the oil and gas producer’s stock valued at $17,008,000 after buying an additional 127,024 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of PHX Minerals during the third quarter valued at $50,000. Finally, Cowa LLC purchased a new stake in shares of PHX Minerals during the third quarter valued at $29,000. 35.07% of the stock is owned by hedge funds and other institutional investors.

About PHX Minerals

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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. The company was founded on December 3, 1926 and is headquartered in Fort Worth, TX.