PHX Minerals (NYSE:PHX) Share Price Crosses Above Two Hundred Day Moving Average of $3.27

PHX Minerals Inc. (NYSE:PHX)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.27 and traded as high as $3.44. PHX Minerals shares last traded at $3.42, with a volume of 13,262 shares changing hands.

Analyst Upgrades and Downgrades

PHX has been the subject of a number of analyst reports. Northland Securities cut their price objective on shares of PHX Minerals from $5.00 to $4.30 and set an “outperform” rating for the company in a research report on Friday, March 15th. Stifel Nicolaus cut their price objective on shares of PHX Minerals from $5.70 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.20.

PHX Minerals Trading Up 0.6 %

The business’s 50-day moving average price is $3.21 and its two-hundred day moving average price is $3.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.05 and a quick ratio of 5.05. The firm has a market cap of $128.11 million, a price-to-earnings ratio of 8.77 and a beta of 0.59.

PHX Minerals (NYSE:PHX) last released its earnings results on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. PHX Minerals had a net margin of 31.31% and a return on equity of 6.78%. The firm had revenue of $8.55 million during the quarter, compared to the consensus estimate of $9.40 million. Equities analysts expect that PHX Minerals Inc. will post 0.14 earnings per share for the current year.

PHX Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.12 dividend on an annualized basis and a yield of 3.51%. PHX Minerals’s payout ratio is 30.77%.

Insider Activity at PHX Minerals

In related news, Director Mark T. Behrman bought 23,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average cost of $3.22 per share, for a total transaction of $74,060.00. Following the completion of the acquisition, the director now owns 173,704 shares in the company, valued at $559,326.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders purchased 27,500 shares of company stock worth $87,920. 6.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On PHX Minerals

Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new stake in PHX Minerals during the third quarter worth approximately $104,000. Ritholtz Wealth Management grew its stake in PHX Minerals by 220.4% during the fourth quarter. Ritholtz Wealth Management now owns 35,438 shares of the oil and gas producer’s stock worth $114,000 after buying an additional 24,378 shares during the period. Bank of New York Mellon Corp grew its stake in 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 buying an additional 4,026 shares during the period. Perritt Capital Management Inc. grew its stake in PHX Minerals by 10.7% during the third quarter. Perritt Capital Management Inc. now owns 93,115 shares of the oil and gas producer’s stock worth $339,000 after buying an additional 8,972 shares during the period. Finally, Ancora Advisors LLC grew its stake in 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 worth $1,172,000 after buying an additional 4,728 shares during the period. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

About PHX Minerals

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.