StockNews.com Begins Coverage on PHX Minerals (NYSE:PHX)

StockNews.com began 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

PHX traded up $0.02 on Tuesday, hitting $4.34. The company had a trading volume of 331,089 shares, compared to its average volume of 90,228. The stock has a market cap of $164.39 million, a price-to-earnings ratio of 33.35 and a beta of -0.01. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The company's fifty day moving average price is $3.88 and its 200 day moving average price is $3.87. PHX Minerals has a 1-year low of $3.09 and a 1-year high of $4.35.

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 business had revenue of $7.60 million during 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 Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PHX. Cubist Systematic Strategies LLC acquired a new stake in shares of PHX Minerals in the first quarter worth $27,000. Barclays PLC acquired a new stake in PHX Minerals in the 3rd quarter worth $37,000. Robotti Robert grew its position in PHX Minerals by 19.7% in the 1st quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer's stock worth $68,000 after purchasing an additional 2,821 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new position in shares of PHX Minerals during the 4th quarter worth about $72,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of PHX Minerals during the first quarter valued at about $77,000. 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.