PHX Minerals (PHX) to Release Earnings on Wednesday

PHX Minerals (NYSE:PHX) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect PHX Minerals to post earnings of $0.05 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

PHX Minerals (NYSE:PHX) last released its quarterly earnings data on Tuesday, March 12th. The oil and gas producer reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. PHX Minerals had a net margin of 31.31% and a return on equity of 6.78%. The business had revenue of $8.55 million for the quarter, compared to analyst estimates of $9.40 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 Minerals Trading Up 0.3 %

Shares of PHX stock opened at $3.39 on Tuesday. The firm has a 50-day moving average price of $3.24 and a 200 day moving average price of $3.26. PHX Minerals has a twelve month low of $2.60 and a twelve month high of $3.89. The company has a market capitalization of $126.99 million, a price-to-earnings ratio of 8.69 and a beta of 0.59. The company has a current ratio of 5.05, a quick ratio of 5.05 and a debt-to-equity ratio of 0.27.

PHX Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, March 15th. PHX Minerals’s payout ratio is 30.77%.

Insider Buying and Selling

In other PHX Minerals news, Director Mark T. Behrman bought 23,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of $3.22 per share, with a total value of $74,060.00. Following the transaction, the director now owns 173,704 shares in the company, valued at $559,326.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 27,500 shares of company stock valued at $87,920. 6.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PHX shares. Stifel Nicolaus dropped their price objective on shares of PHX Minerals from $5.70 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Northland Securities dropped their target price on shares of PHX Minerals from $5.00 to $4.30 and set an “outperform” rating for the company in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.20.

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.