PHX Minerals (NYSE:PHX) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

PHX Minerals Inc. (NYSE:PHX)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.64 and traded as high as $4.20. PHX Minerals shares last traded at $4.17, with a volume of 86,713 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on PHX Minerals in a report on Friday. They set a “hold” rating on the stock.

PHX Minerals Stock Down 1.3 %

The business’s 50-day simple moving average is $3.94 and its 200 day simple moving average is $3.64. The firm has a market cap of $154.23 million, a PE ratio of 31.66 and a beta of 0.54. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.22.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PHX. Barclays PLC purchased a new position in PHX Minerals in the third quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of PHX Minerals during the 3rd quarter worth approximately $44,000. James Investment Research Inc. lifted its position in PHX Minerals by 40.9% during the third quarter. James Investment Research Inc. now owns 15,500 shares of the oil and gas producer’s stock valued at $52,000 after acquiring an additional 4,500 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in PHX Minerals in the fourth quarter valued at approximately $106,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in PHX Minerals in the fourth quarter worth $146,000. 38.19% of the stock is owned by 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.