Stock analysts at Wall Street Zen began coverage on shares of PHX Minerals (NYSE:PHX - Get Free Report) in a note issued to investors on Wednesday. The firm set a "hold" rating on the oil and gas producer's stock.
PHX Minerals Price Performance
Shares of PHX traded up $0.01 during trading hours on Wednesday, reaching $4.32. 1,513,515 shares of the company's stock traded hands, compared to its average volume of 118,955. PHX Minerals has a 12 month low of $3.09 and a 12 month high of $4.34. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a market cap of $163.63 million, a PE ratio of 33.19 and a beta of -0.01. The firm's 50 day simple moving average is $3.94 and its 200-day simple moving average is $3.91.
PHX Minerals (NYSE:PHX - Get Free Report) last announced its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.08. The business had revenue of $7.60 million during 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%.
Hedge Funds Weigh In On PHX Minerals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of PHX Minerals during the 1st quarter valued at about $27,000. Barclays PLC bought a new stake in shares of PHX Minerals in the 3rd quarter worth approximately $37,000. Robotti Robert boosted its stake in shares of PHX Minerals by 19.7% in the 1st quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer's stock valued at $68,000 after purchasing an additional 2,821 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new stake in shares of PHX Minerals in the 4th quarter valued at $72,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of PHX Minerals during the 1st quarter valued at $77,000. 38.19% of the stock is currently owned by hedge funds and other institutional investors.
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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