Last $24.11 USD
Change Today +0.26 / 1.09%
Volume 9.9K
PHX On Other Exchanges
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As of 10:14 AM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

panhandle oil and gas inc-a (PHX) Snapshot

Open
$24.32
Previous Close
$23.85
Day High
$24.32
Day Low
$23.77
52 Week High
07/23/14 - $34.44
52 Week Low
12/1/14 - $15.68
Market Cap
397.6M
Average Volume 10 Days
127.9K
EPS TTM
$1.53
Shares Outstanding
16.5M
EX-Date
02/17/15
P/E TM
15.8x
Dividend
$0.16
Dividend Yield
0.67%
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: $601.0K
Chief Financial Officer, Vice President and C...
Total Annual Compensation: $229.6K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $494.8K
Chief Accounting Officer and Controller
Total Annual Compensation: $185.2K
Compensation as of Fiscal Year 2013.

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

Panhandle Oil and Gas Inc. Announces Regular Quarterly Dividend, Payable on March 5, 2015

Panhandle Oil and Gas Inc. announced that its Board of Directors, at its December 10, 2014, meeting, approved a payment of the regular 4 cents per share quarterly dividend. The dividend will be payable on March 5, 2015, to shareholders of record on February 19, 2015.

Panhandle Oil and Gas Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended September 30, 2014; Reports Operating Results for the Fourth Quarter and Year Ended September 30, 2014

Panhandle Oil and Gas Inc. announced unaudited earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported revenue of $27,887,445 compared to $18,396,254 a year ago. Net income was $9,297,986, or $0.55 per basic and diluted share compared to $5,719,096 or $0.34 per basic and diluted share a year ago. Net cash provided by operating activities increased 23% to $16,184,066 for the 2014 fourth quarter versus the 2013 fourth quarter, which substantially exceeded 2014 fourth quarter costs to drill and equip wells of $11,918,937. Oil, NGL and gas sales revenue increased $5,811,657, or 32% in the 2014 quarter as compared to the 2013 quarter. This revenue increase was a result of increased oil and NGL volumes of 59% and 84%, respectively, and increased natural gas prices of 21%, offset somewhat by a 9% decrease in the average oil sales price to $91.83 per barrel. For the year, the company reported revenue of $84,411,224 compared to $62,889,120 a year ago. Net income was $25,001,462 or $1.49 per basic and diluted share compared to $13,960,049 or $0.84 per basic and diluted share a year ago. Net cash provided by operating activities was $52,622,602 against $37,402,109 a year ago. Capital expenditures including dry hole costs were $38,612,788 against $26,765,785 a year ago. Oil, NGL and natural gas sales revenues increased $22,240,650 or 37% in 2014 as compared to 2013. This revenue increase was a result of increased oil and NGL production volumes of 48% and 86%, respectively, and increased oil, NGL and natural gas prices of 2%, 17% and 22%, respectively. Oil production increased 48% in 2014 to 346,387 barrels from 234,084 barrels in 2013, while gas production was basically flat. In addition, 207,688 barrels of NGL were produced in fiscal 2014, which was an 86% increase versus 2013. DD&A per Mcfe of production for 2014 was $1.55 as compared to $1.69 in 2013, which resulted in slightly lower DD&A expense in 2014, even with increased production of 9%. MCFE was 14,098,009 against 12,962,215 a year ago. Oil production increased in the 2014 quarter to 126,256 barrels, versus 79,387 barrels in the 2013 quarter, while gas production decreased 5% to 2,690,493 Mcf, and NGL production increased 84% to 55,849 barrels. MCFE was 3,783,123 against 3,478,639 a year ago.

Panhandle Oil and Gas Inc. to Report Fiscal Year 2014 Results on Dec 10, 2014

Panhandle Oil and Gas Inc. announced that they will report fiscal year 2014 results at 10:00 AM, GMT Standard Time on Dec 10, 2014

 

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Industry Analysis

PHX

Industry Average

Valuation PHX Industry Range
Price/Earnings 16.0x
Price/Sales 4.8x
Price/Book 3.3x
Price/Cash Flow 8.2x
TEV/Sales 3.8x
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