PHX Minerals (NYSE:PHX) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of PHX Minerals (NYSE:PHX) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the oil and gas producer’s stock.

PHX Minerals Trading Down 1.3 %

Shares of NYSE:PHX opened at $4.15 on Friday. The stock has a market capitalization of $155.35 million, a price-to-earnings ratio of 31.89 and a beta of 0.54. 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’s 50-day simple moving average is $3.97 and its two-hundred day simple moving average is $3.68. PHX Minerals has a 52-week low of $2.96 and a 52-week high of $4.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PHX. Barclays PLC purchased a new position in shares of PHX Minerals during the 3rd quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of PHX Minerals during the 3rd quarter valued at about $44,000. James Investment Research Inc. lifted its position in shares of PHX Minerals by 40.9% during the 3rd quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after buying an additional 4,500 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of PHX Minerals during the 4th quarter valued at about $86,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of PHX Minerals during the 4th quarter valued at about $106,000. 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.