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

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a research note released on Thursday morning. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Price Performance

Shares of PHX stock opened at $3.94 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The company has a market capitalization of $147.49 million, a PE ratio of 30.27 and a beta of 0.54. The firm’s 50-day moving average is $3.92 and its two-hundred day moving average is $3.61. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $4.15.

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

Hedge Funds Weigh In On PHX Minerals

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock valued at $1,023,000 after buying an additional 32,406 shares during the period. Empowered Funds LLC raised its stake in shares of PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 6,320 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of PHX Minerals in the 4th quarter valued at approximately $106,000. James Investment Research Inc. lifted 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 worth $52,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals during the 3rd quarter worth approximately $44,000. 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.