PHX Minerals (NYSE:PHX) Stock Price Crosses Above 200-Day Moving Average of $3.30

PHX Minerals Inc. (NYSE:PHX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.30 and traded as high as $3.35. PHX Minerals shares last traded at $3.35, with a volume of 24,514 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PHX. Northland Securities lowered their price objective on PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Stifel Nicolaus lowered their price objective on PHX Minerals from $5.70 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.20.

PHX Minerals Stock Up 0.3 %

The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.27. The firm has a market cap of $125.49 million, a PE ratio of 8.59 and a beta of 0.59. The stock has a fifty day simple moving average of $3.13 and a two-hundred day simple moving average of $3.30.

PHX Minerals (NYSE:PHX) last posted its earnings results on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $8.55 million during the quarter, compared to analyst estimates of $9.40 million. PHX Minerals had a return on equity of 6.78% and a net margin of 31.31%. As a group, sell-side analysts expect that PHX Minerals Inc. will post 0.16 EPS for the current fiscal year.

PHX Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Friday, March 15th. PHX Minerals’s payout ratio is presently 30.77%.

Insider Buying and Selling at PHX Minerals

In related news, Director Mark T. Behrman bought 23,000 shares of PHX Minerals stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $3.22 per share, with a total value of $74,060.00. Following the acquisition, the director now directly owns 173,704 shares of the company’s stock, valued at $559,326.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased 27,500 shares of company stock valued at $87,920 in the last quarter. 4.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of PHX Minerals by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 281,146 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 4,026 shares in the last quarter. BlackRock Inc. lifted its position in PHX Minerals by 1.2% in the first quarter. BlackRock Inc. now owns 368,918 shares of the oil and gas producer’s stock valued at $967,000 after purchasing an additional 4,220 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of PHX Minerals by 25.8% during the fourth quarter. Jane Street Group LLC now owns 21,479 shares of the oil and gas producer’s stock valued at $84,000 after acquiring an additional 4,402 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of PHX Minerals by 1.5% during the third quarter. Ancora Advisors LLC now owns 321,948 shares of the oil and gas producer’s stock valued at $1,172,000 after acquiring an additional 4,728 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of PHX Minerals by 4.6% during the second quarter. Stifel Financial Corp now owns 113,279 shares of the oil and gas producer’s stock valued at $353,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other 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.