StockNews.com Initiates Coverage on PHX Minerals (NYSE:PHX)

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

PHX Minerals Stock Performance

Shares of PHX stock opened at $3.59 on Thursday. The company has a market capitalization of $136.14 million, a P/E ratio of 27.62 and a beta of 0.51. PHX Minerals has a fifty-two week low of $3.09 and a fifty-two week high of $4.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a 50 day moving average price of $3.97 and a two-hundred day moving average price of $3.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PHX. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals during the third quarter valued at approximately $44,000. Barclays PLC bought a new stake in PHX Minerals in the third quarter valued at $37,000. Geode Capital Management LLC increased its position in 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 valued at $1,023,000 after purchasing an additional 32,406 shares during the period. Empowered Funds LLC raised its holdings in PHX Minerals by 4.9% in the 4th quarter. Empowered Funds LLC now owns 135,164 shares of the oil and gas producer’s stock worth $541,000 after purchasing an additional 6,320 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of PHX Minerals in the 4th quarter worth about $106,000. Institutional investors 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.