PHX Minerals (NYSE:PHX) Upgraded by Wall Street Zen to "Buy" Rating

Wall Street Zen upgraded shares of PHX Minerals (NYSE:PHX - Free Report) to a buy rating in a report published on Saturday morning.

Separately, Johnson Rice lowered PHX Minerals from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st.

PHX Minerals Stock Up 0.3%

PHX Minerals stock traded up $0.02 during mid-day trading on Friday, reaching $4.37. The stock had a trading volume of 210 shares, compared to its average volume of 174,614. PHX Minerals has a one year low of $3.10 and a one year high of $4.35. The company has a 50-day moving average price of $4.15 and a two-hundred day moving average price of $4.00. The company has a market capitalization of $165.52 million, a price-to-earnings ratio of 22.97 and a beta of 0.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 1.80.

PHX Minerals (NYSE:PHX - Get Free Report) last issued its earnings results 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 firm 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 20.08% and a return on equity of 5.57%.

PHX Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, May 20th. PHX Minerals's payout ratio is presently 84.21%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new stake in PHX Minerals in the fourth quarter worth approximately $106,000. Truffle Hound Capital LLC purchased a new position in shares of PHX Minerals in the 4th quarter worth $1,160,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of PHX Minerals in the fourth quarter worth $211,000. Dimensional Fund Advisors LP increased its position in 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. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in PHX Minerals during the fourth quarter valued at $146,000. 38.19% of the stock is owned by hedge funds and other 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.