Equities research analysts at StockNews.com initiated coverage on shares of PHX Minerals (NYSE:PHX – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the oil and gas producer’s stock.
PHX Minerals Stock Down 1.3 %
Shares of PHX opened at $4.12 on Friday. The stock has a 50 day moving average price of $3.95 and a 200 day moving average price of $3.65. PHX Minerals has a one year low of $2.95 and a one year high of $4.20. 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 market capitalization of $154.23 million, a price-to-earnings ratio of 31.66 and a beta of 0.54.
Hedge Funds Weigh In On PHX Minerals
Several hedge funds and other institutional investors have recently modified their holdings of PHX. Barclays PLC purchased a new stake in PHX Minerals during the 3rd quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PHX Minerals in the third quarter valued at approximately $44,000. James Investment Research Inc. lifted its position in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock worth $52,000 after buying an additional 4,500 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in PHX Minerals during the fourth quarter worth $106,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in PHX Minerals in the 4th quarter valued at $146,000. 38.19% of the stock is owned by hedge funds and other institutional investors.
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.
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