Panhandle Royalty Company (PHX) Issues Earnings Results
Panhandle Royalty Company (NYSE:PHX) issued its earnings results on Monday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Panhandle Royalty had a return on equity of 1.04% and a net margin of 2.88%.
Shares of Panhandle Royalty (NYSE PHX) traded up 1.87% during trading on Monday, reaching $21.75. The company’s stock had a trading volume of 35,363 shares. The company’s 50 day moving average price is $22.71 and its 200 day moving average price is $20.62. The firm has a market cap of $362.53 million, a PE ratio of 310.71 and a beta of 0.55. Panhandle Royalty has a 12 month low of $15.67 and a 12 month high of $27.70.
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 issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, August 18th. Panhandle Royalty’s dividend payout ratio (DPR) is currently 200.03%.
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A number of equities analysts have issued reports on PHX shares. TheStreet upgraded Panhandle Royalty from a “d+” rating to a “c” rating in a report on Friday, May 5th. BidaskClub cut Panhandle Royalty from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
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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