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

StockNews.com started coverage on shares of PHX Minerals (NYSE:PHX) in a report published on Saturday. The firm issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Stock Down 3.0 %

PHX stock opened at $4.02 on Friday. PHX Minerals has a 52-week low of $2.96 and a 52-week high of $4.23. The company’s 50 day simple moving average is $3.97 and its 200-day simple moving average is $3.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. The firm has a market capitalization of $150.49 million, a P/E ratio of 30.89 and a beta of 0.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PHX. James Investment Research Inc. increased its stake in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after purchasing an additional 4,500 shares during the last quarter. Empowered Funds LLC increased its stake in shares of PHX Minerals by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 128,844 shares of the oil and gas producer’s stock worth $435,000 after purchasing an additional 6,566 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of PHX Minerals during the 3rd quarter worth $44,000. Barclays PLC acquired a new position in shares of PHX Minerals during the 3rd quarter worth $37,000. Finally, Geode Capital Management LLC increased its stake in shares of PHX Minerals by 12.0% during the 3rd quarter. Geode Capital Management LLC now owns 302,568 shares of the oil and gas producer’s stock worth $1,023,000 after purchasing an additional 32,406 shares during the last quarter. Institutional investors and hedge funds own 38.19% 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. 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.