Equities researchers at StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Stock Performance
Shares of NYSE PHX traded down $0.02 during trading on Tuesday, reaching $3.82. 49,134 shares of the company traded hands, compared to its average volume of 50,756. The firm has a 50 day simple moving average of $3.52 and a 200-day simple moving average of $3.37. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $143.18 million, a PE ratio of 29.23 and a beta of 0.55. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.88.
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 for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business 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 quarter in the previous year, the business earned $0.07 EPS.
Hedge Funds Weigh In On PHX Minerals
A number of institutional investors and hedge funds have recently made changes to their positions in PHX. Ancora Advisors LLC boosted its holdings 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 last quarter. Russell Investments Group Ltd. lifted its holdings in 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 purchasing an additional 96,894 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in PHX Minerals by 5.0% during 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 purchasing an additional 78,008 shares in the last quarter. Geode Capital Management LLC lifted its holdings in PHX Minerals by 12.0% during the third 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 in the last quarter. Finally, Meixler Investment Management Ltd. purchased a new position in PHX Minerals during the second quarter valued at approximately $57,000. Hedge funds and other institutional investors 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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