Panhandle Oil and Gas Inc. (NYSE:PHX) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $27.00 for the company and are expecting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Panhandle Oil and Gas an industry rank of 243 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Panhandle Oil and Gas from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, January 9th.
NYSE:PHX traded up $0.26 during trading hours on Wednesday, reaching $15.82. The company’s stock had a trading volume of 49,954 shares, compared to its average volume of 26,102. The stock has a market capitalization of $265.01 million, a PE ratio of 46.53 and a beta of 0.40. Panhandle Oil and Gas has a one year low of $14.24 and a one year high of $22.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.40.
Panhandle Oil and Gas (NYSE:PHX) last issued its quarterly earnings data on Tuesday, December 11th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The business had revenue of $11.57 million during the quarter, compared to the consensus estimate of $11.18 million. Panhandle Oil and Gas had a return on equity of 1.78% and a net margin of 32.50%. On average, sell-side analysts forecast that Panhandle Oil and Gas will post 0.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Tuesday, February 19th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, February 15th. Panhandle Oil and Gas’s dividend payout ratio is presently 47.06%.
In other Panhandle Oil and Gas news, Director Peter B. Delaney acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average cost of $16.07 per share, for a total transaction of $32,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Panhandle Oil and Gas by 0.6% during the 3rd quarter. BlackRock Inc. now owns 1,165,357 shares of the oil and gas producer’s stock worth $21,502,000 after buying an additional 6,903 shares during the period. Vanguard Group Inc raised its stake in Panhandle Oil and Gas by 0.3% in the third quarter. Vanguard Group Inc now owns 710,337 shares of the oil and gas producer’s stock valued at $13,106,000 after purchasing an additional 2,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Panhandle Oil and Gas by 4.5% in the third quarter. Dimensional Fund Advisors LP now owns 704,413 shares of the oil and gas producer’s stock valued at $12,997,000 after purchasing an additional 30,373 shares in the last quarter. Amica Pension Fund Board of Trustees raised its stake in Panhandle Oil and Gas by 8.1% in the third quarter. Amica Pension Fund Board of Trustees now owns 244,918 shares of the oil and gas producer’s stock valued at $4,519,000 after purchasing an additional 18,422 shares in the last quarter. Finally, Amica Mutual Insurance Co. raised its stake in Panhandle Oil and Gas by 13.1% in the third quarter. Amica Mutual Insurance Co. now owns 235,986 shares of the oil and gas producer’s stock valued at $4,354,000 after purchasing an additional 27,268 shares in the last quarter. 59.03% of the stock is owned by hedge funds and other institutional investors.
Panhandle Oil and Gas Company Profile
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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