PHX Minerals (NYSE:PHX) Raised to "Buy" at Wall Street Zen

PHX Minerals (NYSE:PHX - Get Free Report) was upgraded by Wall Street Zen to a "buy" rating in a research note issued on Saturday.

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

PHX Minerals Stock Up 0.1%

PHX Minerals stock opened at $4.35 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $164.76 million, a price-to-earnings ratio of 22.87 and a beta of 0.05. PHX Minerals has a 1-year low of $3.09 and a 1-year high of $4.35. The business has a fifty day moving average price of $4.12 and a 200-day moving average price of $3.99.

PHX Minerals (NYSE:PHX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.08. PHX Minerals had a return on equity of 5.57% and a net margin of 20.08%. The company had revenue of $7.60 million during the quarter, compared to analysts' expectations of $10.26 million.

Hedge Funds Weigh In On PHX Minerals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its stake in shares of PHX Minerals by 165.3% in the 1st quarter. Jane Street Group LLC now owns 119,829 shares of the oil and gas producer's stock valued at $473,000 after purchasing an additional 74,667 shares in the last quarter. Empowered Funds LLC increased its stake in shares of PHX Minerals by 6.9% in the 1st quarter. Empowered Funds LLC now owns 144,520 shares of the oil and gas producer's stock valued at $571,000 after purchasing an additional 9,356 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of PHX Minerals by 226.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,134 shares of the oil and gas producer's stock valued at $214,000 after purchasing an additional 37,537 shares in the last quarter. Edenbrook Capital LLC increased its stake in shares of PHX Minerals by 0.8% in the 1st quarter. Edenbrook Capital LLC now owns 3,606,085 shares of the oil and gas producer's stock valued at $14,244,000 after purchasing an additional 28,075 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of PHX Minerals in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 38.19% of the company's stock.

About PHX Minerals

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.