StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

Investment analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

Shares of PHX stock opened at $3.99 on Tuesday. 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 one year low of $2.95 and a one year high of $4.15. The company’s fifty day moving average price is $3.87 and its 200-day moving average price is $3.56. The company has a market capitalization of $149.55 million, a price-to-earnings ratio of 30.69 and a beta of 0.57.

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

Institutional Investors Weigh In On PHX Minerals

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in PHX Minerals in the 3rd quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in PHX Minerals during the 3rd quarter worth about $44,000. James Investment Research Inc. raised its holdings in shares of PHX Minerals by 40.9% in the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 4,500 shares in the last quarter. Empowered Funds LLC increased its holdings in 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 buying an additional 6,566 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in PHX Minerals by 12.0% during the third quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after buying an additional 32,406 shares during the period. 38.19% of the stock is owned by 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.