PHX Minerals Inc. (NYSE:PHX) to Issue Quarterly Dividend of $0.04

PHX Minerals Inc. (NYSE:PHX) declared a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.04 per share by the oil and gas producer on Thursday, December 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Thursday, November 21st.

PHX Minerals has raised its dividend payment by an average of 11.7% per year over the last three years. PHX Minerals has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings.

PHX Minerals Stock Performance

Shares of PHX Minerals stock traded up $0.05 on Thursday, reaching $3.55. 24,596 shares of the company traded hands, compared to its average volume of 50,194. The firm has a market capitalization of $133.13 million, a PE ratio of 23.33 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.98 and a quick ratio of 3.98. The company has a 50 day moving average of $3.47 and a 200 day moving average of $3.35. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $3.74.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. PHX Minerals had a net margin of 14.38% and a return on equity of 5.35%. The company had revenue of $9.54 million for the quarter, compared to analysts’ expectations of $7.40 million. During the same period in the prior year, the company posted ($0.02) EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of PHX Minerals in a report on Saturday, November 2nd. They set a “hold” rating on the stock.

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.