Panhandle Oil and Gas Inc. (NYSE:PHX) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $23.50 for the company and are predicting that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Panhandle Oil and Gas an industry rank of 96 out of 255 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Panhandle Oil and Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Scotiabank reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Panhandle Oil and Gas in a research note on Thursday, February 28th.
NYSE:PHX traded up $0.22 during mid-day trading on Thursday, hitting $15.54. The stock had a trading volume of 19,911 shares, compared to its average volume of 21,574. The company has a market cap of $259.36 million, a PE ratio of 45.71 and a beta of 0.55. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 0.30. Panhandle Oil and Gas has a 52 week low of $14.24 and a 52 week high of $22.25.
Panhandle Oil and Gas (NYSE:PHX) last released its earnings results on Thursday, February 7th. The oil and gas producer reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.40. The firm had revenue of $12.21 million for the quarter, compared to analysts’ expectations of $11.79 million. Panhandle Oil and Gas had a net margin of 30.36% and a return on equity of 6.93%. As a group, equities analysts anticipate that Panhandle Oil and Gas will post -0.02 EPS for the current year.
In other Panhandle Oil and Gas news, VP Raphael D’amico acquired 3,200 shares of the stock in a transaction dated Monday, February 11th. The shares were bought at an average price of $15.55 per share, with a total value of $49,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Panhandle Oil and Gas by 265.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,267 shares of the oil and gas producer’s stock worth $97,000 after buying an additional 4,551 shares during the period. Bank of America Corp DE lifted its stake in Panhandle Oil and Gas by 47.9% in the fourth quarter. Bank of America Corp DE now owns 10,703 shares of the oil and gas producer’s stock valued at $166,000 after acquiring an additional 3,466 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Panhandle Oil and Gas by 57.9% in the third quarter. MetLife Investment Advisors LLC now owns 12,406 shares of the oil and gas producer’s stock valued at $229,000 after acquiring an additional 4,551 shares during the last quarter. Rhumbline Advisers lifted its stake in Panhandle Oil and Gas by 45.1% in the fourth quarter. Rhumbline Advisers now owns 22,157 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 6,884 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Panhandle Oil and Gas by 68.1% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,469 shares of the oil and gas producer’s stock valued at $472,000 after acquiring an additional 12,340 shares during the last quarter. 60.51% of the stock is currently owned by institutional investors.
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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