Panhandle Oil and Gas (PHX) Set to Announce Earnings on Thursday

Panhandle Oil and Gas (NYSE:PHX) will be posting its Q3 2019 quarterly earnings results after the market closes on Thursday, August 8th. Analysts expect Panhandle Oil and Gas to post earnings of $0.03 per share for the quarter.

Panhandle Oil and Gas stock opened at $10.97 on Wednesday. Panhandle Oil and Gas has a twelve month low of $10.58 and a twelve month high of $19.75. The stock’s 50 day moving average is $12.36. The company has a quick ratio of 4.60, a current ratio of 4.61 and a debt-to-equity ratio of 0.33. The firm has a market cap of $181.11 million, a PE ratio of 32.26 and a beta of 0.56.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.16 dividend on an annualized basis and a yield of 1.46%. Panhandle Oil and Gas’s payout ratio is 47.06%.

In other Panhandle Oil and Gas news, VP Freda Rose Webb bought 3,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $13.75 per share, with a total value of $41,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have bought 4,000 shares of company stock valued at $55,270. Company insiders own 7.20% of the company’s stock.

A number of brokerages have recently issued reports on PHX. Zacks Investment Research downgraded Panhandle Oil and Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Scotiabank reissued a “buy” rating and set a $5.00 target price on shares of Panhandle Oil and Gas in a research note on Thursday, April 25th.

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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