NYSE:PHX

Stock Analysis Report

Panhandle Oil and Gas

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.

Risks

  • Panhandle Oil and Gas is covered by less than 3 analysts.

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


Market Performance


7 Day Return

6.3%

PHX

1.1%

US Oil and Gas

-0.6%

US Market


1 Year Return

-24.1%

PHX

-20.1%

US Oil and Gas

0.6%

US Market

PHX underperformed the Oil and Gas industry which returned -20.1% over the past year.

PHX underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

PHXIndustryMarket
7 Day6.3%1.1%-0.6%
30 Day22.7%5.8%2.2%
90 Day6.2%-4.8%1.1%
1 Year-23.2%-24.1%-17.1%-20.1%2.9%0.6%
3 Year-11.4%-13.8%2.0%-7.3%44.6%35.2%
5 Year-51.1%-53.2%-25.4%-35.6%61.9%44.2%

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

3 weeks ago | Simply Wall St

Here's What Panhandle Oil and Gas Inc.'s (NYSE:PHX) P/E Is Telling Us

Valuation

Is Panhandle Oil and Gas undervalued based on future cash flows and its price relative to the stock market?

15.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Panhandle Oil and Gas's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Panhandle Oil and Gas's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Panhandle Oil and Gas is overvalued based on earnings compared to the US Oil and Gas industry average.

Panhandle Oil and Gas is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Panhandle Oil and Gas earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Panhandle Oil and Gas is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is Panhandle Oil and Gas expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

-58.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Panhandle Oil and Gas's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

Panhandle Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Panhandle Oil and Gas's revenue growth is positive but not above the United States of America market average.

Panhandle Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Panhandle Oil and Gas's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Panhandle Oil and Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

-7.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Panhandle Oil and Gas's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Panhandle Oil and Gas's 1-year earnings growth exceeds its 5-year average (5.6% vs -7.4%)

Panhandle Oil and Gas's earnings growth has not exceeded the US Oil and Gas industry average in the past year (5.6% vs 22.6%).


Return on Equity

Panhandle Oil and Gas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Panhandle Oil and Gas used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Panhandle Oil and Gas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Panhandle Oil and Gas's financial position?


Financial Position Analysis

Panhandle Oil and Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Panhandle Oil and Gas's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Panhandle Oil and Gas's level of debt (30.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (77.9% vs 30.4% today).

Debt is well covered by operating cash flow (47.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.


Next Steps

Dividend

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

1.12%

Current Dividend Yield


Dividend Yield and Payments Analysis

Panhandle Oil and Gas's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Panhandle Oil and Gas's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Panhandle Oil and Gas's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Chad Stephens (63yo)

0.08yrs

Tenure

US$94,750

Compensation

Mr. Chad L. Stephens, III, serves as Interim Chief Executive Officer at Panhandle Oil and Gas Inc. since August 26, 2019. Mr. Stephens served as Senior Vice President of Corporate Development at Range Reso ...


Management Age and Tenure

2.7yrs

Average Tenure

53yo

Average Age

The tenure for the Panhandle Oil and Gas management team is about average.


Board Age and Tenure

2.1yrs

Average Tenure

63yo

Average Age

The average tenure for the Panhandle Oil and Gas board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Panhandle Oil and Gas individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$45,77730 Aug 19
Chad Stephens
EntityIndividual
Role
Chief Executive Officer
Interim CEO & Director
Shares4,000
Max PriceUS$11.52
BuyUS$44,56028 Aug 19
Christopher Fraser
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$11.14
BuyUS$22,41515 Aug 19
Raphael D'Amico
EntityIndividual
Role
Head of Investor Relations
Vice President of Business Development & Investor Relations
Shares2,000
Max PriceUS$11.22
BuyUS$41,25031 May 19
Freda Webb
EntityIndividual
Role
Chief Operating Officer
Vice President of Operations
Shares3,000
Max PriceUS$13.80
BuyUS$6,91023 May 19
Raphael D'Amico
EntityIndividual
Role
Head of Investor Relations
Vice President of Business Development & Investor Relations
Shares500
Max PriceUS$13.82
BuyUS$7,11014 May 19
Raphael D'Amico
EntityIndividual
Role
Head of Investor Relations
Vice President of Business Development & Investor Relations
Shares500
Max PriceUS$14.22
BuyUS$99,37513 Feb 19
Raphael D'Amico
EntityIndividual
Role
Head of Investor Relations
Vice President of Business Development & Investor Relations
Shares6,400
Max PriceUS$15.55
BuyUS$27307 Jan 19
Lee Canaan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares16
Max PriceUS$17.09
BuyUS$32,14017 Dec 18
Peter Delaney
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,000
Max PriceUS$16.11

Ownership Breakdown


Management Team

  • Chad Stephens (63yo)

    Interim CEO & Director

    • Tenure: 0.08yrs
    • Compensation: US$94.75k
  • Robb Winfield (44yo)

    VP, CFO

    • Tenure: 2.7yrs
    • Compensation: US$379.32k
  • Freda Webb (62yo)

    Vice President of Operations

    • Tenure: 2.7yrs
    • Compensation: US$453.54k
  • Stephanie Morris

    Assistant Controller

    • Tenure: 2.7yrs
  • Ralph D'Amico (43yo)

    Vice President of Business Development & Investor Relations

    • Tenure: 0.7yrs

Board Members

  • Mark Behrman (56yo)

    Lead Independent Director

    • Tenure: 0.08yrs
    • Compensation: US$95.42k
  • Lee Canaan (62yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$102.55k
  • Pete Delaney (65yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: US$65.91k
  • Bob Lorenz (72yo)

    Director

    • Tenure: 16.7yrs
    • Compensation: US$113.69k
  • Chad Stephens (63yo)

    Interim CEO & Director

    • Tenure: 0.08yrs
    • Compensation: US$94.75k
  • Bob Robotti (65yo)

    Director

    • Tenure: 15.4yrs
    • Compensation: US$108.66k
  • Chris Fraser (61yo)

    Director

    • Tenure: 0.5yrs

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$233.212m
  • Shares outstanding: 16.39m
  • 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 Analysis2019/09/21 23:43
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.