PHX Minerals (NYSE:PHX) will announce its earnings results after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

PHX Minerals (NYSE:PHX) last released its quarterly earnings data on Monday, February 8th. The oil and gas producer reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. PHX Minerals had a positive return on equity of 3.78% and a negative net margin of 78.94%. The firm had revenue of $6.19 million during the quarter, compared to analyst estimates of $7.00 million. On average, analysts expect PHX Minerals to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PHX opened at $3.15 on Tuesday. PHX Minerals has a twelve month low of $1.36 and a twelve month high of $5.43. The firm has a market cap of $70.67 million, a price-to-earnings ratio of -2.28 and a beta of 1.21. The firm’s 50-day simple moving average is $2.78 and its 200-day simple moving average is $2.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.99 and a current ratio of 3.99.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Stockholders of record on Thursday, May 20th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, May 19th. PHX Minerals’s payout ratio is 80.00%.

PHX has been the subject of several research analyst reports. Zacks Investment Research upgraded PHX Minerals from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday, April 7th. Northland Securities initiated coverage on shares of PHX Minerals in a research report on Monday. They issued an “outperform” rating and a $4.00 price objective for the company.

In related news, CEO Chad L. Stephens bought 40,000 shares of the firm’s stock in a transaction dated Tuesday, April 20th. The stock was bought at an average cost of $2.00 per share, for a total transaction of $80,000.00. Following the transaction, the chief executive officer now owns 449,473 shares of the company’s stock, valued at $898,946. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Raphael D’amico purchased 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 20th. The stock was purchased at an average price of $2.00 per share, for a total transaction of $70,000.00. Following the completion of the transaction, the chief financial officer now directly owns 237,774 shares in the company, valued at $475,548. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 1,730,762 shares of company stock worth $3,533,152. Insiders own 5.70% of the company’s 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. It owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico, and Arkansas. As of September 30, 2020, it had proved reserves of 57.7 Bcfe.

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Earnings History for PHX Minerals (NYSE:PHX)

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