PHX Minerals (NYSE:PHX - Get Free Report) was downgraded by analysts at Johnson Rice from a "buy" rating to a "hold" rating in a research note issued on Wednesday,Finviz reports.
Separately, StockNews.com initiated coverage on shares of PHX Minerals in a research note on Wednesday. They issued a "hold" rating for the company.
View Our Latest Research Report on PHX Minerals
PHX Minerals Trading Up 0.1%
PHX stock traded up $0.01 during midday trading on Wednesday, reaching $4.32. The stock had a trading volume of 178,817 shares, compared to its average volume of 159,461. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a twelve month low of $3.09 and a twelve month high of $4.34. The firm has a market cap of $163.63 million, a price-to-earnings ratio of 33.19 and a beta of -0.01. The business has a fifty day simple moving average of $3.91 and a two-hundred day simple moving average of $3.89.
PHX Minerals (NYSE:PHX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.08. The business had revenue of $7.60 million for the quarter, compared to analyst estimates 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 hedge funds and other institutional investors have recently modified their holdings of PHX. Barclays PLC bought a new stake in shares of PHX Minerals during the third quarter worth $37,000. Truffle Hound Capital LLC bought a new position in shares of PHX Minerals during the fourth quarter valued at $1,160,000. Dimensional Fund Advisors LP raised its stake 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 valued at $7,256,000 after acquiring an additional 86,053 shares during the last quarter. Empowered Funds LLC increased its holdings in PHX Minerals by 4.9% in the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer's stock valued at $541,000 after purchasing an additional 6,320 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals during the 4th quarter worth about $106,000. 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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