Johnson Rice cut shares of PHX Minerals (NYSE:PHX - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning, MarketBeat Ratings reports.
Separately, Wall Street Zen began coverage on shares of PHX Minerals in a report on Wednesday, May 21st. They issued a "hold" rating on the stock.
Check Out Our Latest Stock Report on PHX
PHX Minerals Stock Performance
PHX Minerals stock traded up $0.01 during midday trading on Wednesday, reaching $4.32. 1,513,515 shares of the company traded hands, compared to its average volume of 118,955. The firm has a market capitalization of $163.63 million, a price-to-earnings ratio of 33.19 and a beta of -0.01. PHX Minerals has a 12 month low of $3.09 and a 12 month high of $4.34. 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 business has a 50 day moving average of $3.93 and a two-hundred day moving average of $3.91.
PHX Minerals (NYSE:PHX - Get Free Report) last released its earnings results 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. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. The company had revenue of $7.60 million for the quarter, compared to the consensus estimate of $10.26 million.
PHX Minerals Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Tuesday, May 20th. PHX Minerals's dividend payout ratio is 84.21%.
Institutional Trading of PHX Minerals
Several hedge funds and other institutional investors have recently bought and sold shares of PHX. Cubist Systematic Strategies LLC purchased a new stake in shares of PHX Minerals during the 1st quarter valued at $27,000. Barclays PLC acquired a new position in PHX Minerals during the 3rd quarter valued at about $37,000. Robotti Robert raised its stake in PHX Minerals by 19.7% in the first quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer's stock valued at $68,000 after buying an additional 2,821 shares during the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in PHX Minerals in the fourth quarter worth about $72,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in PHX Minerals in the first quarter worth about $77,000. 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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