PHX Minerals (NYSE:PHX) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of PHX Minerals (NYSE:PHX) in a report released on Wednesday. The brokerage set a “hold” rating on the oil and gas producer’s stock.

PHX Minerals Stock Performance

Shares of NYSE PHX opened at $4.09 on Wednesday. The company has a market capitalization of $154.91 million, a P/E ratio of 31.43 and a beta of 0.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.19 and a quick ratio of 3.19. PHX Minerals has a one year low of $3.09 and a one year high of $4.24. The business’s 50-day moving average price is $3.99 and its two-hundred day moving average price is $3.78.

Institutional Investors Weigh In On PHX Minerals

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC bought a new stake in shares of PHX Minerals in the 3rd quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in PHX Minerals in the third quarter worth about $44,000. Total Wealth Planning & Management Inc. bought a new position in PHX Minerals in the fourth quarter valued at approximately $72,000. Balyasny Asset Management L.P. acquired a new stake in shares of PHX Minerals during the fourth quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of PHX Minerals in the 4th quarter valued at about $106,000. 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.