PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX) in a research report report published on Tuesday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of PHX opened at $4.33 on Tuesday. PHX Minerals has a 12 month low of $3.09 and a 12 month high of $4.34. The firm has a fifty day simple moving average of $3.88 and a 200 day simple moving average of $3.87. The stock has a market capitalization of $164.20 million, a price-to-earnings ratio of 33.31 and a beta of -0.01. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22.

PHX Minerals (NYSE:PHX) last announced its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.04 by $0.08. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The business had revenue of $7.60 million during the quarter, compared to analysts’ expectations of $10.26 million.

PHX Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, May 20th. PHX Minerals’s payout ratio is 84.21%.

Institutional Trading of PHX Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHX. Barclays PLC bought a new stake in PHX Minerals during the third quarter worth $37,000. Empowered Funds LLC raised its position in PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after acquiring an additional 6,320 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in PHX Minerals during the fourth quarter worth $106,000. Truffle Hound Capital LLC bought a new stake in PHX Minerals during the fourth quarter worth $1,160,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in PHX Minerals during the fourth quarter worth $211,000. 38.19% of the stock is owned by institutional investors.

PHX Minerals Company Profile

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.