Equities research analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a note issued to investors on Friday. The brokerage set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Stock Up 0.3 %
PHX traded up $0.01 on Friday, reaching $3.69. The company's stock had a trading volume of 55,089 shares, compared to its average volume of 50,829. The stock has a 50 day moving average of $3.45 and a two-hundred day moving average of $3.34. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $138.38 million, a price-to-earnings ratio of 24.60 and a beta of 0.56. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $3.74.
PHX Minerals (NYSE:PHX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $9.54 million during the quarter, compared to the consensus estimate of $7.40 million. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, analysts forecast that PHX Minerals will post 0.1 EPS for the current fiscal year.
Institutional Investors Weigh In On PHX Minerals
Large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals during the second quarter worth approximately $40,000. Meixler Investment Management Ltd. purchased a new stake in shares of PHX Minerals during the second quarter worth approximately $57,000. Ritholtz Wealth Management raised its stake in shares of PHX Minerals by 36.5% during the second quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer's stock worth $100,000 after purchasing an additional 8,220 shares during the last quarter. Empowered Funds LLC raised its stake in shares of PHX Minerals by 8.2% during the first quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer's stock worth $387,000 after purchasing an additional 8,575 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of PHX Minerals by 48.4% during the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer's stock worth $1,013,000 after purchasing an additional 96,894 shares during the last quarter. Hedge funds and other institutional investors own 38.19% of the company's stock.
About PHX Minerals
(
Get Free Report)
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.
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