PHX Minerals Inc. (NYSE:PHX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.64 and traded as high as $4.20. PHX Minerals shares last traded at $4.17, with a volume of 86,713 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on shares of PHX Minerals in a research note on Friday. They issued a "hold" rating on the stock.
View Our Latest Analysis on PHX Minerals
PHX Minerals Stock Performance
The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market capitalization of $154.23 million, a PE ratio of 31.66 and a beta of 0.54. The firm's 50 day moving average is $3.95 and its two-hundred day moving average is $3.66.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of PHX Minerals by 14.3% in the 4th quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer's stock valued at $143,000 after buying an additional 4,465 shares in the last quarter. James Investment Research Inc. raised its position 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 valued at $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC raised its position in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock valued at $541,000 after purchasing an additional 6,320 shares during the last quarter. Bridgeway Capital Management LLC raised its position in PHX Minerals by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer's stock worth $1,646,000 after buying an additional 9,720 shares during the last quarter. Finally, Barclays PLC purchased a new position in PHX Minerals during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 38.19% of the company's stock.
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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