PHX Minerals Inc. (NYSE:PHX) Receives $5.25 Consensus Price Target from Analysts

Posted by Defense World Staff on Sep 18th, 2023

Shares of PHX Minerals Inc. (NYSE:PHX – Get Free Report) have earned an average recommendation of “Buy” from the four analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.25.

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of PHX Minerals from $4.70 to $4.50 and set a “buy” rating on the stock in a research report on Monday, July 24th. StockNews.com assumed coverage on shares of PHX Minerals in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Johnson Rice assumed coverage on shares of PHX Minerals in a research report on Friday. They set a “buy” rating and a $5.50 target price on the stock. Finally, Alliance Global Partners lifted their target price on shares of PHX Minerals from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Friday, August 25th.

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PHX Minerals Trading Down 2.4 %

Shares of PHX Minerals stock opened at $3.64 on Friday. The firm has a market capitalization of $134.68 million, a PE ratio of 5.87 and a beta of 0.64. The company has a current ratio of 5.18, a quick ratio of 5.18 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $3.33 and its 200 day moving average is $2.99. PHX Minerals has a 1 year low of $2.33 and a 1 year high of $4.39.

PHX Minerals (NYSE:PHX – Get Free Report) last posted its earnings results on Tuesday, August 8th. The oil and gas producer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). PHX Minerals had a return on equity of 13.31% and a net margin of 37.12%. The business had revenue of $7.23 million for the quarter, compared to analyst estimates of $9.13 million. Equities research analysts forecast that PHX Minerals will post 0.19 earnings per share for the current fiscal year.

PHX Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 24th were given a $0.0225 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.09 dividend on an annualized basis and a dividend yield of 2.47%. PHX Minerals’s dividend payout ratio (DPR) is currently 14.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new position in shares of PHX Minerals in the 1st quarter worth approximately $454,000. Robotti Robert boosted its stake in PHX Minerals by 10.9% during the first quarter. Robotti Robert now owns 54,593 shares of the oil and gas producer’s stock worth $143,000 after acquiring an additional 5,357 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in PHX Minerals by 49.2% during the second quarter. Occudo Quantitative Strategies LP now owns 41,963 shares of the oil and gas producer’s stock worth $128,000 after acquiring an additional 13,833 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in PHX Minerals during the second quarter worth $128,000. Finally, Citadel Advisors LLC boosted its stake in PHX Minerals by 374.6% during the second quarter. Citadel Advisors LLC now owns 220,885 shares of the oil and gas producer’s stock worth $671,000 after acquiring an additional 174,348 shares in the last quarter. Institutional investors and hedge funds own 35.17% of the company’s stock.

About PHX Minerals

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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. It sells its products to various purchasers, including pipeline and marketing companies.