PHX Minerals (NYSE:PHX) Stock Passes Above 200 Day Moving Average of $3.24

PHX Minerals Inc. (NYSE:PHXGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.24 and traded as high as $3.29. PHX Minerals shares last traded at $3.25, with a volume of 28,634 shares traded.

Analyst Ratings Changes

Separately, Northland Securities dropped their price target on 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 investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.20.

Get Our Latest Analysis on PHX

PHX Minerals Price Performance

The company has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $3.24. The firm has a market cap of $121.75 million, a PE ratio of 29.55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.51 and a quick ratio of 4.51.

PHX Minerals (NYSE:PHXGet Free Report) last announced its earnings results on Tuesday, March 12th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. PHX Minerals had a return on equity of 3.90% and a net margin of 11.50%. The business had revenue of $8.55 million during the quarter, compared to analyst estimates of $9.40 million. Analysts expect that PHX Minerals Inc. will post 0.07 earnings per share for the current fiscal year.

PHX Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.12 annualized dividend and a dividend yield of 3.69%. PHX Minerals’s dividend payout ratio (DPR) is presently 109.10%.

Insider Activity at PHX Minerals

In other news, Director Mark T. Behrman purchased 23,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was purchased at an average price of $3.22 per share, for a total transaction of $74,060.00. Following the completion of the acquisition, the director now owns 173,704 shares of the company’s stock, valued at $559,326.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders bought 32,500 shares of company stock worth $104,500. Company insiders own 6.40% of the company’s stock.

Institutional Trading of PHX Minerals

Large investors have recently modified their holdings of the company. Ancora Advisors LLC raised its stake in PHX Minerals by 52.6% in the first quarter. Ancora Advisors LLC now owns 491,418 shares of the oil and gas producer’s stock worth $1,676,000 after buying an additional 169,470 shares in the last quarter. Russell Investments Group Ltd. raised its stake in 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 worth $1,013,000 after buying an additional 96,894 shares in the last quarter. Empowered Funds LLC raised its stake in PHX Minerals by 8.2% in the first quarter. Empowered Funds LLC now owns 113,458 shares of the oil and gas producer’s stock worth $387,000 after buying an additional 8,575 shares in the last quarter. PFG Investments LLC bought a new position in PHX Minerals in the first quarter worth approximately $82,000. Finally, Victory Capital Management Inc. bought a new position in PHX Minerals in the fourth quarter worth approximately $84,000. Hedge funds and other 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.

Further Reading

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