Panhandle Royalty Company (NYSE:PHX) Posts Earnings Results

Panhandle Royalty Company (NYSE:PHX) posted its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.07 earnings per share for the quarter, Bloomberg Earnings reports. The company had revenue of $12.44 million during the quarter. Panhandle Royalty had a net margin of 7.41% and a return on equity of 2.82%.

Panhandle Royalty (PHX) traded down 0.31% during midday trading on Friday, reaching $19.55. 42,015 shares of the company’s stock traded hands. The stock has a market cap of $325.92 million, a PE ratio of 102.36 and a beta of 0.55. Panhandle Royalty has a one year low of $15.67 and a one year high of $27.70. The stock’s 50 day moving average price is $21.96 and its 200-day moving average price is $20.54.

The firm also recently disclosed 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 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, August 18th. Panhandle Royalty’s dividend payout ratio (DPR) is presently 80.00%.

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PHX has been the subject of several research reports. TheStreet upgraded shares of Panhandle Royalty from a “d+” rating to a “c” rating in a research report on Friday, May 5th. BidaskClub downgraded shares of Panhandle Royalty from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.

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.

Earnings History for Panhandle Royalty (NYSE:PHX)

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