Panhandle Royalty Company (NYSE:PHX) insider have most recently took part in a trading activity. On Dec 7, 2017 Canaan Lee M, Director bought 10 shares having total worth of $209 at the price of $20.92 per share, following the transaction a total of 8,194 shares owned by Canaan Lee M. Before this latest buy, Canaan Lee M purchased PHX at 1 other times during the past twelve months, for a total investment of $122 at an average of $24.46 per share.
Furthermore, over the past 12 months , the stock was traded 8 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 6 instances.
Shares of Panhandle Royalty Company (NYSE:PHX) traded up 0.45% on Jan 4, 2018, hitting $22.2. 18,859 shares of the company’s stock traded hands. Panhandle Royalty Company has a 52 week low of $15.99 and a 52 week high of $27.55. The company’s market cap is $273 million.
Panhandle Royalty Company (NYSE:PHX) last announced its earnings results on Dec 12, 2017. The company reported 0.09 earnings per share (EPS) for the quarter. The company had revenue of $13 million for the quarter During the same quarter in the previous year, the company posted 0.05 earnings per share. The company’s revenue for the quarter was up 27% on a year-over-year basis.
|earnings per share||0.09||0.07||0.21||-0.13||0.05||0.04||-0.17||-0.05||-0.04||0.61|
Panhandle Oil and Gas Inc., was founded in Range, Texas County, Oklahoma, in 1926, as Panhandle Cooperative Royalty Company and operated as a cooperative until 1979, when the Company merged into Panhandle Royalty Company and its shares became publicly traded. The Company is involved in the acquisition, management and development of oil and natural gas properties, including wells located on the Company’s mineral and leasehold acreage. The Company’s mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma and Texas, with properties also located in several other states. The majority of the Company’s oil and natural gas production is from wells located in Oklahoma. The Company’s products are natural gas and, to a lesser extent, crude oil and natural gas liquids. These products are sold to various purchasers, including pipeline and marketing companies, which service the areas where the Company’s producing wells are located. The oil and natural gas industry is competitive, particularly in the search for new oil and natural gas reserves. Oil and natural gas production is subject to various taxes, such as gross production taxes and, in some cases, ad valorem taxes.
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