PHX Minerals (NYSE:PHX) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a note issued to investors on Monday. The firm set a "hold" rating on the oil and gas producer's stock.

PHX Minerals Stock Performance

Shares of PHX opened at $3.92 on Monday. PHX Minerals has a 52-week low of $3.09 and a 52-week high of $4.24. The stock's 50-day simple moving average is $3.86 and its 200 day simple moving average is $3.85. 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 $148.65 million, a price-to-earnings ratio of 30.16 and a beta of -0.01.

Institutional Trading of PHX Minerals

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new position in shares of PHX Minerals in the third quarter worth $37,000. Total Wealth Planning & Management Inc. bought a new position in PHX Minerals in the 4th quarter worth about $72,000. Oppenheimer Asset Management Inc. raised its holdings in shares of PHX Minerals by 33.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,674 shares of the oil and gas producer's stock valued at $78,000 after acquiring an additional 4,942 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of PHX Minerals in the 4th quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals during the 4th quarter valued at about $106,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.

About PHX Minerals

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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