PHX Minerals Inc. (PHX) To Go Ex-Dividend on November 21st

PHX Minerals Inc. (NYSE:PHX) announced 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 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 21st.

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

PHX Minerals Stock Performance

Shares of PHX Minerals stock opened at $3.56 on Tuesday. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. PHX Minerals has a 52 week low of $2.95 and a 52 week high of $3.76. The firm’s 50 day moving average is $3.48 and its two-hundred day moving average is $3.35. The firm has a market capitalization of $133.43 million, a P/E ratio of 27.39 and a beta of 0.55.

PHX Minerals (NYSE:PHX) last posted its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). PHX Minerals had a net margin of 12.33% and a return on equity of 4.16%. The company had revenue of $9.14 million during the quarter. During the same quarter last year, the business earned $0.07 earnings per share.

Analysts Set New Price Targets

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

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.