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

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a report published on Friday. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of NYSE PHX opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The business’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $3.45. The firm has a market cap of $142.05 million, a price-to-earnings ratio of 29.16 and a beta of 0.58. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $4.08.

PHX Minerals (NYSE:PHX) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $9.14 million for the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same period in the prior year, the company earned $0.07 EPS.

PHX Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Thursday, November 21st. PHX Minerals’s dividend payout ratio (DPR) is currently 123.08%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PHX. James Investment Research Inc. increased its position in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after acquiring an additional 4,500 shares during the period. Empowered Funds LLC boosted its stake in shares of PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Ritholtz Wealth Management boosted its position in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer’s stock worth $100,000 after buying an additional 8,220 shares during the period. Barclays PLC acquired a new position in shares of PHX Minerals during the third quarter worth $37,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in PHX Minerals in the second quarter worth approximately $40,000. Institutional investors and hedge funds 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.