Equities researchers at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a report released on Sunday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Stock Performance
PHX Minerals stock traded down $0.06 during midday trading on Friday, reaching $3.44. 16,149 shares of the stock traded hands, compared to its average volume of 54,069. The firm has a fifty day moving average price of $3.47 and a two-hundred day moving average price of $3.35. PHX Minerals has a fifty-two week low of $2.95 and a fifty-two week high of $3.74. The firm has a market cap of $128.93 million, a price-to-earnings ratio of 26.46 and a beta of 0.55. The company has a current ratio of 3.19, a quick ratio of 3.98 and a debt-to-equity ratio of 0.22.
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 business had revenue of $9.14 million during the quarter. During the same period last year, the business earned $0.07 earnings per share.
Institutional Trading of PHX Minerals
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $5,320,000 after buying an additional 78,008 shares during the period. Ancora Advisors LLC boosted its position in shares of PHX Minerals by 52.6% in the first quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer's stock worth $1,676,000 after buying an additional 169,470 shares during the period. Russell Investments Group Ltd. grew its holdings 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 valued at $1,013,000 after buying an additional 96,894 shares in the last quarter. Empowered Funds LLC raised its position in PHX Minerals by 5.4% during the third quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer's stock valued at $435,000 after buying an additional 6,566 shares during the period. Finally, Ritholtz Wealth Management grew its stake in PHX Minerals by 36.5% during the 2nd quarter. Ritholtz Wealth Management now owns 30,761 shares of the oil and gas producer's stock valued at $100,000 after acquiring an additional 8,220 shares in the last quarter. 38.19% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
Before you consider PHX Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PHX Minerals wasn't on the list.
While PHX Minerals currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
