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

PHX Minerals (NYSE:PHX) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect PHX Minerals to post earnings of $0.05 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

PHX Minerals (NYSE:PHX) last posted its quarterly earnings results on Tuesday, March 12th. The oil and gas producer reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm 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%. On average, analysts expect PHX Minerals to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PHX Minerals Price Performance

Shares of NYSE PHX opened at $3.38 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.05 and a current ratio of 5.05. PHX Minerals has a fifty-two week low of $2.52 and a fifty-two week high of $3.89. The stock has a market cap of $126.61 million, a PE ratio of 8.67 and a beta of 0.59. The stock has a fifty day moving average of $3.24 and a 200-day moving average of $3.26.

PHX Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a $0.03 dividend. The ex-dividend date was Friday, March 15th. This represents a $0.12 annualized dividend and a yield of 3.55%. PHX Minerals’s dividend payout ratio is currently 30.77%.

Insider Activity

In related news, Director Mark T. Behrman bought 23,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of $3.22 per share, for a total transaction of $74,060.00. Following the completion of the transaction, the director now directly owns 173,704 shares in the company, valued at approximately $559,326.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders acquired 27,500 shares of company stock worth $87,920. 6.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PHX has been the topic of a number of recent analyst reports. Northland Securities lowered their price target on shares of PHX Minerals from $5.00 to $4.30 and set an “outperform” rating on the stock in a report on Friday, March 15th. Stifel Nicolaus lowered their target price on shares of 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, PHX Minerals presently has an average rating of “Moderate Buy” and an average price target of $5.20.

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.