Panhandle Royalty Company (NYSE:PHX) released its quarterly earnings results on Monday. The oil and gas producer reported $0.07 earnings per share for the quarter, Bloomberg Earnings reports. Panhandle Royalty had a net margin of 2.88% and a return on equity of 1.04%.
Panhandle Royalty (NYSE PHX) traded up 1.87% on Monday, reaching $21.75. 35,363 shares of the company’s stock were exchanged. The company has a market cap of $362.53 million, a PE ratio of 310.71 and a beta of 0.55. Panhandle Royalty has a 52-week low of $15.67 and a 52-week high of $27.70. The firm’s 50 day moving average price is $22.71 and its 200 day moving average price is $20.62.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Tuesday, August 22nd will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, August 18th. Panhandle Royalty’s payout ratio is 200.03%.
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Several research analysts recently weighed in on the stock. BidaskClub cut shares of Panhandle Royalty from a “sell” rating to a “strong sell” rating in a report on Friday. TheStreet upgraded shares of Panhandle Royalty from a “d+” rating to a “c” rating in a report on Friday, May 5th.
About Panhandle Royalty
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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