Panhandle Royalty (PHX) Given News Impact Rating of 0.14
News articles about Panhandle Royalty (NYSE:PHX) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Panhandle Royalty earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the oil and gas producer an impact score of 46.1368897784465 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, BidaskClub downgraded Panhandle Royalty from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
Shares of Panhandle Royalty (NYSE PHX) traded down 2.89% during midday trading on Monday, hitting $23.50. The company’s stock had a trading volume of 12,663 shares. The stock’s 50 day moving average is $23.96 and its 200-day moving average is $21.83. Panhandle Royalty has a 52-week low of $17.35 and a 52-week high of $27.70. The firm has a market cap of $391.77 million, a P/E ratio of 123.04 and a beta of 0.59.
Panhandle Royalty (NYSE:PHX) last released its quarterly earnings results on Monday, August 7th. The oil and gas producer reported $0.07 EPS for the quarter. The firm 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%. Equities analysts predict that Panhandle Royalty will post $1.70 EPS for the current fiscal year.
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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