PHX Minerals (NYSE:PHX) Now Covered by StockNews.com

Analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued on Wednesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

NYSE PHX opened at $4.32 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a 1-year low of $3.09 and a 1-year high of $4.34. The firm has a market capitalization of $163.82 million, a P/E ratio of 33.23 and a beta of -0.01. The business’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $3.89.

PHX Minerals (NYSE:PHX) last posted its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.08. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The business had revenue of $7.60 million for the quarter, compared to analysts’ expectations of $10.26 million.

Institutional Investors Weigh In On PHX Minerals

A number of institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in PHX Minerals during the first quarter valued at about $27,000. Barclays PLC acquired a new stake in shares of PHX Minerals during the third quarter valued at approximately $37,000. Robotti Robert raised its holdings in shares of PHX Minerals by 19.7% during the first quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer’s stock valued at $68,000 after acquiring an additional 2,821 shares during the period. Total Wealth Planning & Management Inc. purchased a new stake in shares of PHX Minerals in the 4th quarter valued at approximately $72,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in PHX Minerals in the 1st quarter worth approximately $77,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

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.