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Last $16.78 USD
Change Today -0.78 / -4.44%
Volume 83.9K
PHX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

panhandle oil and gas inc-a (PHX) Snapshot

Open
$17.20
Previous Close
$17.56
Day High
$17.69
Day Low
$16.67
52 Week High
09/18/14 - $32.96
52 Week Low
08/26/15 - $13.81
Market Cap
277.6M
Average Volume 10 Days
205.6K
EPS TTM
$0.79
Shares Outstanding
16.5M
EX-Date
08/18/15
P/E TM
21.2x
Dividend
$0.16
Dividend Yield
0.95%
Current Stock Chart for PANHANDLE OIL AND GAS INC-A (PHX)

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panhandle oil and gas inc-a (PHX) Details

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 mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma, Texas, and other states. As of September 30, 2014, the company owned 255,190 net mineral acres; leased 19,645 net acres; and held working and royalty interests in 6,019 producing oil and natural gas wells, as well as 95 wells in the process of being drilled or completed. It serves pipeline and marketing companies. Panhandle Oil and Gas Inc. was founded in 1926 and is based in Oklahoma City, Oklahoma.

22 Employees
Last Reported Date: 12/10/14
Founded in 1926

panhandle oil and gas inc-a (PHX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $639.4K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: $235.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $513.2K
Chief Accounting Officer and Controller
Total Annual Compensation: $192.4K
Compensation as of Fiscal Year 2014.

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

Panhandle Oil and Gas Inc. Announces Unaudited Earnings and Operating Results for the Third Quarter and Nine Months Ended June 30, 2015

Panhandle Oil and Gas Inc. announced unaudited earnings and operating results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported revenue of $11,748,888 compared to $18,374,977 a year ago. Loss before benefit for income taxes was $496,946 compared to income before provision for income taxes of $7,627,585 a year ago. Net loss was $728,946, or $0.04 per basic and diluted share compared to net income of $5,122,585, or $0.31 per basic and diluted share, for the 2014 third quarter. For the nine months, the company reported revenue of $57,427,092 compared to $56,523,778 a year ago. Income before provision for income taxes was $15,006,022 compared to $23,237,476 a year ago. Net income was $10,209,022, or $0.61 per basic and diluted share compared to net income of $15,703,476, or $0.94 per basic and diluted share, for the 2014 third quarter. Net cash provided by operating activities was $37,347,802 compared to $36,438,536 a year ago. Capital expenditures, including dry hole costs was $23,613,349 compared to $26,693,851 a year ago. For the quarter, oil production increased 56% to 109,738 barrels, versus 70,479 barrels in the 2014 quarter while gas production of 2,407,049 Mcf for the 2015 quarter decreased 4% compared to the 2014 quarter.  For the nine months, oil production increased 55% to 340,888 barrels from 220,131 barrels in the 2014 nine months while gas production decreased 599,079 Mcf compared to the 2014 nine months.  The Eagle Ford acquisition made in June 2014 continues to be the basis for 2015 increased oil production; while normal decline in production and significantly decreased dry natural gas drilling are responsible for the gas production decline.

Panhandle Oil and Gas Mulls Acquisitions

Panhandle Oil and Gas Inc. (NYSE:PHX) is seeking acquisitions. Michael C. Coffman, President and Chief Executive Officer of Panhandle Oil and Gas, said, “We will continue to focus on the longer-term outlook and are in the enviable position of being able to deploy drilling capital only when and where we can expect to earn a reasonable rate of return, as we have no need to drill to hold acreage. The Company continues to maintain the flexibility to be opportunistic in acquiring assets that would be accretive to shareholder value.”

Panhandle Oil and Gas Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM

Panhandle Oil and Gas Inc. Presents at Three Part Advisors, LLC Midwest IDEAS Investor Conference 2015, Aug-26-2015 01:50 PM. Venue: Hard Rock Hotel, 230 N. Michigan Ave., Chicago, IL 60601, United States.

 

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Industry Analysis

PHX

Industry Average

Valuation PHX Industry Range
Price/Earnings 14.8x
Price/Sales 4.2x
Price/Book 2.2x
Price/Cash Flow 6.0x
TEV/Sales 3.2x
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