NYSE:PHX

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Panhandle Oil and Gas

Executive Summary

Panhandle Oil and Gas Inc. acquires, develops, and manages oil and natural gas properties in the United States. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

How has Panhandle Oil and Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PHX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.5%

PHX

0.04%

US Oil and Gas

-3.1%

US Market


1 Year Return

-88.0%

PHX

-46.1%

US Oil and Gas

12.7%

US Market

Return vs Industry: PHX underperformed the US Oil and Gas industry which returned -46.1% over the past year.

Return vs Market: PHX underperformed the US Market which returned 12.7% over the past year.


Shareholder returns

PHXIndustryMarket
7 Day-4.5%0.04%-3.1%
30 Day-16.7%-9.9%-2.9%
90 Day-34.6%-13.6%8.2%
1 Year-87.9%-88.0%-42.7%-46.1%15.3%12.7%
3 Year-92.9%-93.2%-44.5%-51.8%37.8%28.5%
5 Year-88.9%-89.5%-32.8%-46.0%90.9%69.4%

Price Volatility Vs. Market

How volatile is Panhandle Oil and Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Panhandle Oil and Gas undervalued compared to its fair value and its price relative to the market?

2.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PHX ($1.7) is trading below our estimate of fair value ($1.74)

Significantly Below Fair Value: PHX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PHX is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: PHX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PHX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PHX is good value based on its PB Ratio (0.5x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Panhandle Oil and Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

51.5%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Panhandle Oil and Gas has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Panhandle Oil and Gas performed over the past 5 years?

-46.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PHX is currently unprofitable.

Growing Profit Margin: PHX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PHX is unprofitable, and losses have increased over the past 5 years at a rate of 46.4% per year.

Accelerating Growth: Unable to compare PHX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PHX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-39.4%).


Return on Equity

High ROE: PHX has a negative Return on Equity (-138.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is Panhandle Oil and Gas's financial position?


Financial Position Analysis

Short Term Liabilities: PHX's short term assets ($8.2M) exceed its short term liabilities ($4.2M).

Long Term Liabilities: PHX's short term assets ($8.2M) do not cover its long term liabilities ($31.0M).


Debt to Equity History and Analysis

Debt Level: PHX's debt to equity ratio (53.1%) is considered high.

Reducing Debt: PHX's debt to equity ratio has increased from 51.1% to 53.1% over the past 5 years.

Debt Coverage: PHX's debt is well covered by operating cash flow (55%).

Interest Coverage: Insufficient data to determine if PHX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Panhandle Oil and Gas's current dividend yield, its reliability and sustainability?

2.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PHX's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: PHX's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (4.88%).


Stability and Growth of Payments

Stable Dividend: PHX's dividend payments have been volatile in the past 10 years.

Growing Dividend: PHX's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: PHX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Chad Stephens (64 yo)

1.08yrs

Tenure

US$688,793

Compensation

Mr. Chad L. Stephens, III, has been Chief Executive Officer of Panhandle Oil and Gas Inc. since January 16, 2020 and its President since May 5, 2020. He served as Interim Chief Executive Officer at Panhand ...


CEO Compensation Analysis

Compensation vs Market: Chad's total compensation ($USD688.79K) is about average for companies of similar size in the US market ($USD601.89K).

Compensation vs Earnings: Chad's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chad Stephens
President1.08yrsUS$688.79k0.86%
$ 313.8k
Raphael D'Amico
CFO, VP of Corporate Development & Investor Relations & Corporate Secretary0.50yrUS$369.44k0.56%
$ 204.7k
Chad True
Director of Accounting & Assistant Corporate Secretary0.33yrno datano data
Stephanie Morris
Assistant Controller3.67yrsno datano data

0.8yrs

Average Tenure

Experienced Management: PHX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Chad Stephens
President1.08yrsUS$688.79k0.86%
$ 313.8k
Mark Behrman
Lead Independent Director1.08yrsUS$100.93k0.19%
$ 70.4k
Lee Canaan
Independent Director5.5yrsUS$104.59k0.070%
$ 25.6k
Peter Delaney
Independent Director2.5yrsUS$101.56k0.051%
$ 18.6k
Christopher Fraser
Independent Director1.5yrsUS$70.15k0.61%
$ 222.2k

2.5yrs

Average Tenure

63yo

Average Age

Experienced Board: PHX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PHX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.7%.


Top Shareholders

Company Information

Panhandle Oil and Gas Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Panhandle Oil and Gas Inc.
  • Ticker: PHX
  • Exchange: NYSE
  • Founded: 1926
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$36.403m
  • Shares outstanding: 21.41m
  • Website: https://www.panhandleoilandgas.com

Number of Employees


Location

  • Panhandle Oil and Gas Inc.
  • Grand Centre Building
  • Suite 300
  • Oklahoma City
  • Oklahoma
  • 73112
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHXNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 1990
5AHDB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 1990

Biography

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 principal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 05:36
End of Day Share Price2020/09/22 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.