PHX Minerals Inc. to Issue Quarterly Dividend of $0.04 (NYSE:PHX)

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 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, November 21st.

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

PHX Minerals Stock Performance

Shares of PHX stock opened at $3.56 on Tuesday. The stock’s 50-day moving average price is $3.48 and its 200 day moving average price is $3.35. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $133.43 million, a PE ratio of 27.39 and a beta of 0.55. PHX Minerals has a 52-week low of $2.95 and a 52-week high of $3.76.

PHX Minerals (NYSE:PHX) last announced its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the business earned $0.07 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of PHX Minerals in a research report on Monday. 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.