PHX Minerals (NYSE:PHX) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of PHX Minerals (NYSE:PHX) to a buy rating in a report issued on Saturday.

Separately, Johnson Rice downgraded shares of PHX Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st.

PHX Minerals Trading Up 0.3%

PHX Minerals stock opened at $4.37 on Friday. The stock has a market capitalization of $165.52 million, a P/E ratio of 22.97 and a beta of 0.05. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $4.00. PHX Minerals has a 52 week low of $3.10 and a 52 week high of $4.35.

PHX Minerals (NYSE:PHX) last announced its earnings results on Thursday, May 8th. The oil and gas producer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.04 by $0.08. The business had revenue of $7.60 million during the quarter, compared to the consensus estimate of $10.26 million. PHX Minerals had a net margin of 20.08% and a return on equity of 5.57%.

PHX Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Tuesday, May 20th. PHX Minerals’s dividend payout ratio is currently 84.21%.

Institutional Trading of PHX Minerals

A number of institutional investors have recently bought and sold shares of PHX. Truffle Hound Capital LLC bought a new stake in PHX Minerals in the 4th quarter valued at about $1,160,000. Dimensional Fund Advisors LP boosted its holdings in PHX Minerals by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,814,060 shares of the oil and gas producer’s stock valued at $7,256,000 after purchasing an additional 86,053 shares during the period. Jane Street Group LLC boosted its holdings in PHX Minerals by 165.3% in the 1st quarter. Jane Street Group LLC now owns 119,829 shares of the oil and gas producer’s stock valued at $473,000 after purchasing an additional 74,667 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in PHX Minerals in the 4th quarter valued at about $211,000. Finally, Goldman Sachs Group Inc. boosted its holdings in PHX Minerals by 226.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,134 shares of the oil and gas producer’s stock valued at $214,000 after purchasing an additional 37,537 shares during the period. 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.