Panhandle Oil and Gas Inc. (NYSE:PHX) Director Mark T. Behrman purchased 1,000 shares of Panhandle Oil and Gas stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of $19.26 per share, with a total value of $19,260.00. Following the completion of the purchase, the director now directly owns 4,689 shares in the company, valued at $90,310.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Panhandle Oil and Gas Inc. (NYSE PHX) traded down $0.15 on Wednesday, reaching $18.80. The company had a trading volume of 20,792 shares, compared to its average volume of 28,376. The company has a market cap of $330.00, a P/E ratio of 16.48 and a beta of 0.56. Panhandle Oil and Gas Inc. has a twelve month low of $17.55 and a twelve month high of $25.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.74 and a quick ratio of 2.74.
Panhandle Oil and Gas (NYSE:PHX) last released its quarterly earnings results on Tuesday, December 12th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $12.90 million during the quarter. Panhandle Oil and Gas had a return on equity of 5.79% and a net margin of 37.76%. sell-side analysts predict that Panhandle Oil and Gas Inc. will post 1.11 EPS for the current year.
PHX has been the subject of several recent research reports. ValuEngine downgraded Panhandle Oil and Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Roth Capital initiated coverage on Panhandle Oil and Gas in a research note on Thursday, February 22nd. They issued a “buy” rating and a $27.00 price target for the company.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN boosted its stake in Panhandle Oil and Gas by 3.6% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 357,341 shares of the oil and gas producer’s stock valued at $7,343,000 after purchasing an additional 12,454 shares during the period. MetLife Investment Advisors LLC bought a new stake in Panhandle Oil and Gas in the 4th quarter valued at $161,000. Millennium Management LLC bought a new stake in shares of Panhandle Oil and Gas during the 4th quarter valued at $232,000. TIAA CREF Investment Management LLC lifted its position in shares of Panhandle Oil and Gas by 12.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 42,294 shares of the oil and gas producer’s stock valued at $869,000 after acquiring an additional 4,529 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Panhandle Oil and Gas by 60.6% during the 4th quarter. Deutsche Bank AG now owns 45,679 shares of the oil and gas producer’s stock valued at $936,000 after acquiring an additional 17,240 shares during the period. Institutional investors and hedge funds own 57.45% of the company’s stock.
Panhandle Oil and Gas 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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