Research 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 NYSE:PHX traded up $0.02 on Tuesday, hitting $4.34. 331,089 shares of the company were exchanged, compared to its average volume of 90,779. The company's 50 day moving average price is $3.90 and its two-hundred day moving average price is $3.88. PHX Minerals has a one year low of $3.09 and a one year high of $4.34. 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 firm has a market capitalization of $164.39 million, a price-to-earnings ratio of 33.35 and a beta of -0.01.
PHX Minerals (NYSE:PHX - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.08. The company had revenue of $7.60 million for the quarter, compared to the consensus estimate of $10.26 million. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%.
Institutional Trading of PHX Minerals
Several large investors have recently added to or reduced their stakes in PHX. Edenbrook Capital LLC lifted its position in shares of PHX Minerals by 0.8% during the first quarter. Edenbrook Capital LLC now owns 3,606,085 shares of the oil and gas producer's stock worth $14,244,000 after purchasing an additional 28,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of PHX Minerals by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer's stock worth $7,256,000 after purchasing an additional 86,053 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of PHX Minerals by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 465,389 shares of the oil and gas producer's stock worth $1,838,000 after purchasing an additional 15,591 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of PHX Minerals by 2.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 411,444 shares of the oil and gas producer's stock worth $1,646,000 after purchasing an additional 9,720 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new position in shares of PHX Minerals during the fourth quarter worth approximately $1,160,000. 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.
Featured Stories
Before you consider PHX Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PHX Minerals wasn't on the list.
While PHX Minerals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
