Over the past three months, Panhandle Oil and Gas Inc. [PHX] ended the trading day at $1.81 and exhibited a change of 14.05% with a 24 hour trading and reached upto the volume of 123.73K compared to its recorded trading volume of 1.77 million. PHX generated a 1 year amount change with -88.38%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 8.16% with an amount shift of -11.67% over the last month.

On 13, October 2020, PANHANDLE OIL AND GAS INC. Changes Its Name To PHX Minerals Inc.. According to news published on Yahoo Finance, PANHANDLE OIL AND GAS INC., “Panhandle,” “PHX” or the “Company,” (NYSE: PHX), today announced that it has officially changed its name to PHX Minerals Inc. effective Oct. 8, 2020 . In conjunction with its name change the Company has also unveiled a new logo. The Company’s ticker will remain “PHX” on the NYSE.

Analyst Birdseye View:

The most recent analyst activity for Panhandle Oil and Gas Inc. [NYSE:PHX] stock was on February 13, 2009, when it was Upgrade with a Buy rating from Wunderlich, which also raised its 12-month price target on the stock to $23.50. Before that, on June 18, 2009, Wunderlich Recapitulated a Buy rating and elevated its amount target to $30. On January 30, 2009, Wunderlich Initiated a Hold rating and boosted its price target on this stock to $21.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.40 and a peak of $15.29. Right now, according to Wall Street analyst the average 12-month amount target is $2.70. At the most recent market close, shares of Panhandle Oil and Gas Inc. [NYSE:PHX] were valued at $1.81. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Panhandle Oil and Gas Inc. [NYSE:PHX] most recently reported quarterly sales of 3.54 billion, which represented growth of -65.00%. This publicly-traded organization’s revenue is $1,861,687 per employee, while its income is -$1,852,043 per employee. This company’s Gross Margin is currently 70.10%, its Pretax Margin is -132.40, and its Net Margin is -99.48. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -23.73, -39.16, -0.13 and -27.67 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 30.88 and the whole liability to whole assets at 27.21. It shows enduring liability to the whole principal at 30.88 and enduring liability to assets at 0.27 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.5267 points at 1st support level, the second support level is making up to 1.4633. But as of 1st resistance point, this stock is sitting at 1.6767 and at 1.7633 for 2nd resistance point.

Panhandle Oil and Gas Inc. [PHX] reported its earnings at $0.57 per share in the fiscal quarter closing of 3/30/2020. Comparing the previous quarter ending of 12/30/2019, the stated earnings were $0.11 calling estimates for -$0.01/share with the difference of 0.12 depicting the surprise of 1,200.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Panhandle Oil and Gas Inc. [NYSE:PHX] is 1.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.99. Now if looking for a valuation of this stock’s amount to sales ratio it’s 5.72 and it’s amount to book ratio is 2.88.

Insider Stories

The most recent insider trade was by Fraser Christopher T., Director, and it was the purchase of 100000.0 shares on Sep 01. BEHRMAN MARK T, the Director, completed a purchase of 30000.0 shares on Sep 01. On Sep 01, STEPHENS CHAD L, Chief Executive Officer, completed a purchase of 75000.0 shares.