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Last $17.84 USD
Change Today +0.62 / 3.60%
Volume 89.6K
PHX On Other Exchanges
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As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

panhandle oil and gas inc-a (PHX) Key Developments

Panhandle Oil and Gas Inc.'s Bank Group Sets Borrowing Base Under its Credit Agreement at $120 Million

Panhandle Oil and Gas Inc. announced that its bank group, per the normal mid-year cycle timing, has set the borrowing base under its credit agreement at $120 million. The current outstanding balance under the facility is approximately $67 million, which is a reduction of $11 million from the balance due at fiscal year-end September 30, 2014. The facility matures on November 30, 2018. All covenants and terms of the loan agreement remained unchanged.

Panhandle Oil and Gas Inc. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 09:00 AM

Panhandle Oil and Gas Inc. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 09:00 AM. Venue: JW Marriott Hotel, 151 W. Adams Street, Chicago, Illinois, United States.

Panhandle Oil and Gas Inc. Presents at Three Part Advisors East Coast IDEAS Investor Conference 2015, Jun-04-2015 11:20 AM

Panhandle Oil and Gas Inc. Presents at Three Part Advisors East Coast IDEAS Investor Conference 2015, Jun-04-2015 11:20 AM. Venue: Boston Park Plaza, 50 Park Plaza at Arlington St., Boston, MA 02116, United States.

Panhandle Oil and Gas Inc. Announces Regular Quarterly Dividend, Payable on June 10, 2015

Panhandle Oil and Gas Inc. announced that its Board of Directors, at its May 13, 2015, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on June 10, 2015, to shareholders of record on May 27, 2015.

Panhandle Oil and Gas Inc. Reports Unaudited Earnings and Operating Results for the Second Quarter and Six Months Ended March 31, 2015

Panhandle Oil and Gas Inc. reported unaudited earnings and operating results for the second quarter and six months ended March 31, 2015. For the quarter, total revenue was $14,679,034 against $19,752,045 a year ago. Income before provision (benefit) for income taxes was $627,207 against $8,445,573 a year ago. Net income was $704,207 or $0.04 per basic and diluted share against $5,654,573 or $0.34 per basic and diluted share a year ago. Net cash provided by operating activities increased 27% to $12,468,427 for the 2015 second quarter, versus the 2014 second quarter. Capital expenditures for the 2015 fiscal quarter totaled $4,896,365 and continue to be principally directed toward oil and NGL rich plays in south central Oklahoma. For the six months, total revenue was $45,678,204 against $38,148,801 a year ago. Income before provision (benefit) for income taxes was $15,502,968 against $15,609,891 a year ago. Net income was $10,937,968 or $0.65 per basic and diluted share against $10,580,891 or $0.63 per basic and diluted share a year ago. Net cash provided by operating activities was $27,653,916 against $21,733,352 a year ago. Capital expenditures, including dry hole costs was $19,797,996 against $17,606,988 a year ago. For the second quarter of 2015, oil production increased 73% to 114,567 barrels, versus 66,239 barrels in the 2014 quarter, while gas production of 2,475,777 Mcf for the 2015 quarter decreased 11%, compared to the 2014 quarter. In addition, 48,681 barrels of NGL were sold in the 2015 quarter, as compared to 51,670 barrels in the 2014 quarter. The increased oil production is a result of the Eagle Ford acquisition made in June 2014. For the six month, oil production increased 54% in the 2015 six months to 231,150 barrels from 149,652 barrels in the 2014 six months, while gas production decreased 497,782 Mcf, or 9%, compared to the 2014 six months. In addition, 121,485 barrels of NGL were sold in the 2015 six months, which was a 37% increase compared to 2014 NGL volumes.

 

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Price/Earnings 11.4x
Price/Sales 3.8x
Price/Book 2.2x
Price/Cash Flow 5.4x
TEV/Sales 2.8x
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