PHX Minerals (NYSE:PHX) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

PHX Minerals Inc. (NYSE:PHX – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.34 and traded as high as $3.68. PHX Minerals shares last traded at $3.68, with a volume of 42,346 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on PHX Minerals in a research note on Friday. They issued a “hold” rating on the stock.

View Our Latest Research Report on PHX

PHX Minerals Trading Up 0.3 %

The firm has a market capitalization of $138.38 million, a price-to-earnings ratio of 24.60 and a beta of 0.56. The business’s fifty day moving average is $3.45 and its 200 day moving average is $3.34. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.23.

PHX Minerals (NYSE:PHX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. The business had revenue of $9.54 million during the quarter, compared to the consensus estimate of $7.40 million. During the same period last year, the company earned ($0.02) earnings per share. Equities analysts predict that PHX Minerals Inc. will post 0.1 earnings per share for the current year.

PHX Minerals Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.04 dividend. This is a boost from PHX Minerals’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.16 annualized dividend and a dividend yield of 4.34%. PHX Minerals’s dividend payout ratio (DPR) is presently 106.67%.

Institutional Investors Weigh In On PHX Minerals

A number of institutional investors and hedge funds have recently made changes to their positions in PHX. Ancora Advisors LLC lifted its stake in PHX Minerals by 52.6% in the 1st quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock valued at $1,676,000 after purchasing an additional 169,470 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of PHX Minerals by 48.4% in the first quarter. Russell Investments Group Ltd. now owns 296,934 shares of the oil and gas producer’s stock valued at $1,013,000 after buying an additional 96,894 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of PHX Minerals by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,631,869 shares of the oil and gas producer’s stock worth $5,320,000 after acquiring an additional 78,008 shares during the last quarter. Meixler Investment Management Ltd. bought a new stake in PHX Minerals in the 2nd quarter valued at $57,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in PHX Minerals during the 2nd quarter valued at $40,000. Institutional investors own 38.19% of the company’s stock.

PHX Minerals Company Profile

(Get Free Report)

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.

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