Media stories about Panhandle Oil and Gas (NYSE:PHX) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Panhandle Oil and Gas earned a news impact score of 0.07 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 47.0776636094039 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Panhandle Oil and Gas (NYSE PHX) opened at $21.30 on Friday. The company has a market capitalization of $352.74, a P/E ratio of 101.43 and a beta of 0.47. Panhandle Oil and Gas has a 12-month low of $17.55 and a 12-month high of $25.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.83 and a quick ratio of 2.83.
Panhandle Oil and Gas (NYSE:PHX) last released its quarterly earnings data on Tuesday, December 12th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. Panhandle Oil and Gas had a return on equity of 3.08% and a net margin of 7.62%.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be given a $0.04 dividend. The ex-dividend date is Friday, February 16th. This represents a $0.16 annualized dividend and a yield of 0.75%. Panhandle Oil and Gas’s dividend payout ratio (DPR) is presently 76.19%.
Separately, ValuEngine cut Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
In related news, Director H Grant Swartzwelder sold 6,959 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $20.57, for a total value of $143,146.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Robotti sold 2,082 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $21.70, for a total value of $45,179.40. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock worth $331,473 over the last ninety days. 7.70% of the stock is currently owned by insiders.
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Panhandle Oil and Gas Company Profile
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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