Investment analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a research report issued on Tuesday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Stock Performance
Shares of PHX stock traded down $0.07 during mid-day trading on Tuesday, reaching $3.99. The stock had a trading volume of 158,453 shares, compared to its average volume of 115,796. PHX Minerals has a one year low of $2.95 and a one year high of $4.15. The firm has a market cap of $149.36 million, a PE ratio of 30.66 and a beta of 0.57. The firm's 50 day simple moving average is $3.86 and its 200 day simple moving average is $3.56. 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 (NYSE:PHX - Get Free Report) last issued its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $9.14 million during 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 business posted $0.07 earnings per share.
Hedge Funds Weigh In On PHX Minerals
Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in PHX Minerals during the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals in the 3rd quarter worth approximately $44,000. James Investment Research Inc. grew its position in PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer's stock worth $52,000 after acquiring an additional 4,500 shares during the last quarter. Empowered Funds LLC increased its holdings in PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer's stock valued at $435,000 after purchasing an additional 6,566 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in PHX Minerals by 12.0% in the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer's stock valued at $1,023,000 after purchasing an additional 32,406 shares during the last quarter. 38.19% of the stock is owned by 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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