Panhandle Oil and Gas (PHX) Releases Earnings Results
Panhandle Oil and Gas (NYSE:PHX) announced its earnings results on Thursday. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, reports. Panhandle Oil and Gas had a return on equity of 3.08% and a net margin of 7.62%. The business had revenue of $12.49 million for the quarter.
Shares of Panhandle Oil and Gas (NYSE PHX) opened at $18.30 on Friday. Panhandle Oil and Gas has a 52-week low of $17.55 and a 52-week high of $25.30. The stock has a market capitalization of $309.43, a PE ratio of 87.14 and a beta of 0.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.83 and a current ratio of 2.83.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, February 16th. Panhandle Oil and Gas’s payout ratio is 76.19%.
Separately, ValuEngine lowered Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
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About Panhandle Oil and Gas
Panhandle Oil and Gas Inc is engaged in the acquisition, management and development of non-operated oil and natural gas properties, including wells located on its mineral and leasehold acreage. The Company’s mineral and leasehold properties are located primarily in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in various other states.
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