Panhandle Oil and Gas (NYSE:PHX) Issues Earnings Results

Panhandle Oil and Gas (NYSE:PHX) announced its earnings results on Thursday. The oil and gas producer reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $1.27, Fidelity Earnings reports. Panhandle Oil and Gas had a return on equity of 9.49% and a net margin of 33.43%. The company had revenue of $15.73 million for the quarter, compared to analyst estimates of $10.14 million.

Panhandle Oil and Gas stock opened at $12.24 on Friday. Panhandle Oil and Gas has a twelve month low of $10.58 and a twelve month high of $16.97. The stock’s fifty day simple moving average is $13.30 and its 200-day simple moving average is $12.89. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $199.29 million, a P/E ratio of 15.59 and a beta of 0.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Tuesday, November 19th. Panhandle Oil and Gas’s dividend payout ratio is currently 16.00%.

PHX has been the topic of a number of recent research reports. ValuEngine raised Panhandle Oil and Gas from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Zacks Investment Research raised Panhandle Oil and Gas from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, October 9th.

About Panhandle Oil and Gas

Panhandle Oil and Gas Inc acquires, develops, and manages oil and natural gas properties in the United States. The company produces and sells natural gas, crude oil, and natural gas liquids. Its principal properties are located in Oklahoma, Arkansas, Texas, New Mexico, and North Dakota. As of September 30, 2018, the company owned perpetual ownership of 258,555 net mineral acres; leased 17,203 net acres; and held working interests and royalty interests in 6,079 producing oil and natural gas wells, as well as had 69 wells in the process of being drilled or completed.

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Earnings History for Panhandle Oil and Gas (NYSE:PHX)

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