PHX Minerals Inc. (NYSE:PHX – Get Free Report) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 122,600 shares, a drop of 21.5% from the February 13th total of 156,200 shares. Based on an average trading volume of 91,900 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of PHX Minerals in a research report on Monday, March 10th. They set a “hold” rating for the company.
Read Our Latest Stock Analysis on PHX
Institutional Trading of PHX Minerals
PHX Minerals Stock Up 2.3 %
Shares of PHX stock traded up $0.09 during mid-day trading on Monday, reaching $4.02. 73,840 shares of the company were exchanged, compared to its average volume of 58,856. PHX Minerals has a fifty-two week low of $3.01 and a fifty-two week high of $4.24. 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 company has a market capitalization of $150.67 million, a P/E ratio of 30.93 and a beta of 0.51. The business’s 50 day simple moving average is $3.97 and its 200 day simple moving average is $3.74.
PHX Minerals Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Monday, March 17th. PHX Minerals’s payout ratio is currently 123.08%.
About PHX Minerals
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.
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