PHX Minerals Inc reports results for the quarter ended March 31 - Earnings Summary

• PHX Minerals Inc PHX.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The lone analyst forecast for the quarter was for earnings of 4 cents per share.

• Revenue fell 3.4% to $7.60 million from a year ago; analysts expected $10.00 million.

• The company reported quarterly net income of $4.38 million.

• PHX Minerals Inc shares had fallen by 9.6% this quarter and lost 10.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for PHX Minerals Inc is $5.25

This summary was machine generated from LSEG data May 8 at 11:58 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)