PHX Minerals (NYSE:PHX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the oil and gas producer’s stock.

A number of other research analysts have also issued reports on the stock. Northland Securities decreased their target price on shares of PHX Minerals from $7.00 to $5.50 and set an outperform rating on the stock in a research report on Monday, February 13th. TheStreet upgraded shares of PHX Minerals from a c rating to a b- rating in a research report on Wednesday, December 14th.

PHX Minerals Price Performance

PHX opened at $2.38 on Thursday. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $3.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.59 and a current ratio of 1.59. PHX Minerals has a 52 week low of $2.33 and a 52 week high of $4.98. The firm has a market capitalization of $86.89 million, a PE ratio of 4.96 and a beta of 0.62.

PHX Minerals (NYSE:PHX – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The oil and gas producer reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $18.27 million during the quarter, compared to the consensus estimate of $14.17 million. PHX Minerals had a net margin of 30.95% and a return on equity of 24.51%. As a group, analysts anticipate that PHX Minerals will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Edenbrook Capital LLC increased its stake in shares of PHX Minerals by 2.5% in the third quarter. Edenbrook Capital LLC now owns 5,249,095 shares of the oil and gas producer’s stock worth $17,008,000 after purchasing an additional 127,024 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of PHX Minerals by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,219,070 shares of the oil and gas producer’s stock worth $3,950,000 after acquiring an additional 11,400 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PHX Minerals by 18.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,063,877 shares of the oil and gas producer’s stock valued at $4,139,000 after buying an additional 165,468 shares during the last quarter. Renaissance Technologies LLC raised its holdings in PHX Minerals by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 475,933 shares of the oil and gas producer’s stock valued at $1,447,000 after buying an additional 10,080 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in PHX Minerals by 1.5% during the 1st quarter. BlackRock Inc. now owns 416,606 shares of the oil and gas producer’s stock valued at $1,275,000 after buying an additional 6,046 shares during the last quarter. 35.07% of the stock is owned by institutional investors.

About PHX Minerals

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PHX Minerals, Inc engages in the acquisition, management, and development of non-operated oil and natural gas properties, including wells located on the firm’s mineral and leasehold acreage. The company was founded on December 3, 1926 and is headquartered in Fort Worth, TX.