Wall Street Zen Initiates Coverage on PHX Minerals (NYSE:PHX)

Stock analysts at Wall Street Zen started coverage on shares of PHX Minerals (NYSE:PHX) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Down 0.2%

PHX Minerals stock opened at $4.31 on Wednesday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 12-month low of $3.09 and a 12-month high of $4.34. The firm’s fifty day moving average is $3.93 and its 200 day moving average is $3.90. The company has a market capitalization of $163.44 million, a PE ratio of 33.16 and a beta of -0.01.

PHX Minerals (NYSE:PHX) last released its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The company had revenue of $7.60 million for the quarter, compared to the consensus estimate of $10.26 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Robotti Robert raised its holdings in PHX Minerals by 19.7% during the first quarter. Robotti Robert now owns 17,177 shares of the oil and gas producer’s stock worth $68,000 after buying an additional 2,821 shares during the last quarter. Bank of America Corp DE raised its holdings in PHX Minerals by 14.3% during the fourth quarter. Bank of America Corp DE now owns 35,636 shares of the oil and gas producer’s stock worth $143,000 after buying an additional 4,465 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in PHX Minerals by 17.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 31,108 shares of the oil and gas producer’s stock worth $123,000 after buying an additional 4,638 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in PHX Minerals by 33.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 19,674 shares of the oil and gas producer’s stock worth $78,000 after buying an additional 4,942 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in PHX Minerals by 4.9% during the fourth quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after buying an additional 6,320 shares during the last quarter. 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.