PHX Minerals Inc. (PHX) to Distribute Quarterly Dividend of $0.04 on December 5th

PHX Minerals Inc. (NYSE:PHX) declared a quarterly dividend on Wednesday, November 6th,Wall Street Journal reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.04 per share by the oil and gas producer on Thursday, December 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, November 21st.

PHX Minerals has increased its dividend payment by an average of 11.7% per year over the last three years. PHX Minerals has a payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings.

PHX Minerals Stock Performance

PHX Minerals stock opened at $3.50 on Friday. The firm has a 50 day simple moving average of $3.47 and a 200-day simple moving average of $3.35. The stock has a market capitalization of $131.25 million, a PE ratio of 23.33 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.98 and a quick ratio of 3.98. PHX Minerals has a 12-month low of $2.95 and a 12-month high of $3.74.

PHX Minerals (NYSE:PHX) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $9.54 million during the quarter, compared to the consensus estimate of $7.40 million. PHX Minerals had a return on equity of 5.35% and a net margin of 14.38%. During the same period in the prior year, the business earned ($0.02) EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of PHX Minerals in a report on Saturday, November 2nd. They set a “hold” rating for the company.

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.