PHX Minerals Inc. Plans Quarterly Dividend of $0.04 (NYSE:PHX)

PHX Minerals Inc. (NYSE:PHX) announced a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.04 per share by the oil and gas producer on Thursday, December 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 21st.

PHX Minerals has increased its dividend by an average of 11.7% annually over the last three years. PHX Minerals has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings.

PHX Minerals Stock Performance

NYSE PHX opened at $3.56 on Wednesday. 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 stock has a market capitalization of $133.43 million, a P/E ratio of 27.39 and a beta of 0.55. The firm’s 50-day moving average is $3.49 and its two-hundred day moving average is $3.36. PHX Minerals has a 12 month low of $2.95 and a 12 month high of $3.76.

PHX Minerals (NYSE:PHX) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $9.14 million during the quarter. PHX Minerals had a return on equity of 4.16% and a net margin of 12.33%. During the same quarter in the prior year, the company posted $0.07 EPS.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on PHX Minerals in a research report on Monday. They set a “hold” rating for the company.

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.