Investment analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a research note issued to investors on Thursday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Trading Up 4.7 %
PHX stock traded up $0.18 during trading on Thursday, reaching $4.03. 219,984 shares of the stock traded hands, compared to its average volume of 52,874. The business's 50 day moving average price is $3.64 and its 200-day moving average price is $3.42. The firm has a market capitalization of $151.05 million, a PE ratio of 31.00 and a beta of 0.58. 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 52-week low of $2.95 and a 52-week high of $4.08.
PHX Minerals (NYSE:PHX - Get Free Report) last posted its earnings results 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 business had revenue of $9.14 million for the quarter. During the same period in the previous year, the business posted $0.07 earnings per share.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of PHX Minerals during the third quarter valued at approximately $37,000. Oppenheimer Asset Management Inc. purchased a new stake in PHX Minerals during the 2nd quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in PHX Minerals in the 3rd quarter worth $44,000. James Investment Research Inc. lifted 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 worth $52,000 after buying an additional 4,500 shares in the last quarter. Finally, Meixler Investment Management Ltd. purchased a new position in PHX Minerals in the 2nd quarter valued at about $57,000. 38.19% of the stock is owned by hedge funds and other institutional investors.
PHX Minerals Company Profile
(
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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