BidaskClub lowered shares of Panhandle Royalty Company (NYSE:PHX) from a hold rating to a sell rating in a research report report published on Tuesday morning.
Separately, TheStreet raised Panhandle Royalty from a d+ rating to a c rating in a research note on Friday, May 5th.
Shares of Panhandle Royalty (NYSE PHX) traded up 2.03% during midday trading on Tuesday, hitting $22.65. The company’s stock had a trading volume of 31,055 shares. The firm has a market cap of $377.53 million, a price-to-earnings ratio of 323.57 and a beta of 0.57. The firm has a 50-day moving average of $22.73 and a 200 day moving average of $20.65. Panhandle Royalty has a 12-month low of $15.67 and a 12-month high of $27.70.
Panhandle Royalty (NYSE:PHX) last issued its quarterly earnings data on Friday, May 5th. The oil and gas producer reported $0.21 earnings per share for the quarter. Panhandle Royalty had a return on equity of 1.04% and a net margin of 2.88%. The business had revenue of $13.96 million during the quarter. On average, equities research analysts predict that Panhandle Royalty will post $1.70 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Tuesday, August 22nd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.71%. Panhandle Royalty’s payout ratio is presently 200.03%.
Panhandle Royalty 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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