StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX - Free Report) in a research report sent to investors on Sunday. The firm issued a hold rating on the oil and gas producer's stock.
PHX Minerals Trading Down 4.0 %
NYSE PHX traded down $0.16 on Friday, reaching $3.88. The company had a trading volume of 58,846 shares, compared to its average volume of 57,966. The stock's 50 day moving average is $4.00 and its 200-day moving average is $3.72. The stock has a market cap of $145.31 million, a price-to-earnings ratio of 29.83 and a beta of 0.54. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 52 week low of $2.96 and a 52 week high of $4.24.
Institutional Investors Weigh In On PHX Minerals
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in PHX Minerals in the third quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in PHX Minerals in the third quarter valued at about $44,000. James Investment Research Inc. increased its holdings in PHX Minerals by 40.9% in the third 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 last quarter. Total Wealth Planning & Management Inc. bought a new stake in PHX Minerals in the fourth quarter valued at about $72,000. Finally, Balyasny Asset Management L.P. bought a new stake in PHX Minerals in the fourth quarter valued at about $86,000. Institutional investors own 38.19% of the company's stock.
About PHX Minerals
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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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