PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research report report published on Wednesday. The brokerage issued a hold rating on the oil and gas producer's stock.

PHX Minerals Stock Down 2.3 %

PHX stock traded down $0.09 during trading on Wednesday, reaching $3.83. The stock had a trading volume of 56,085 shares, compared to its average volume of 51,021. PHX Minerals has a one year low of $2.95 and a one year high of $3.98. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $3.58 and its two-hundred day moving average is $3.40. The company has a market capitalization of $143.55 million, a price-to-earnings ratio of 29.46 and a beta of 0.58.

PHX Minerals (NYSE:PHX - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share (EPS) 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 firm had revenue of $9.14 million during the quarter. During the same period last year, the firm earned $0.07 earnings per share.

PHX Minerals Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 21st. PHX Minerals's payout ratio is 123.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of PHX Minerals during the 3rd quarter valued at approximately $37,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of PHX Minerals during the 2nd quarter valued at approximately $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in PHX Minerals in the 3rd quarter worth approximately $44,000. James Investment Research Inc. boosted its holdings in 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 during the period. Finally, Meixler Investment Management Ltd. bought a new position in PHX Minerals in the 2nd quarter valued at $57,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

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.