Stock analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a research note issued to investors on Monday. The brokerage set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Trading Up 1.5 %
Shares of NYSE PHX opened at $3.97 on Monday. The company has a market cap of $148.80 million, a PE ratio of 30.54 and a beta of 0.57. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $3.79 and a two-hundred day moving average of $3.53. PHX Minerals has a 1-year low of $2.95 and a 1-year high of $4.08.
PHX Minerals (NYSE:PHX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share 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 return on equity of 4.16% and a net margin of 12.33%. During the same period in the prior year, the company earned $0.07 earnings per share.
Institutional Investors Weigh In On PHX Minerals
Several large investors have recently modified their holdings of PHX. Dimensional Fund Advisors LP lifted its stake in PHX Minerals by 5.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer's stock valued at $5,320,000 after buying an additional 78,008 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock worth $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of PHX Minerals during the 3rd quarter worth approximately $44,000. Oppenheimer Asset Management Inc. bought a new stake in shares of PHX Minerals during the 2nd quarter worth approximately $40,000. Finally, Barclays PLC acquired a new stake in shares of PHX Minerals in the 3rd quarter valued at approximately $37,000. 38.19% of the stock is currently owned by institutional investors.
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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