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 second-rate dividend payer.


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

-6.1%

PHX

-1.8%

US Oil and Gas

0.4%

US Market


1 Year Return

-25.7%

PHX

-21.8%

US Oil and Gas

6.9%

US Market

Return vs Industry: PHX underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: PHX underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

PHXIndustryMarket
7 Day-6.1%-1.8%0.4%
30 Day-4.3%-6.6%-1.2%
90 Day16.2%-9.2%-0.4%
1 Year-24.8%-25.7%-18.9%-21.8%9.3%6.9%
3 Year-22.0%-24.2%-8.3%-16.5%45.8%36.4%
5 Year-30.4%-33.4%-24.8%-35.3%62.9%45.1%

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?

14.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PHX ($13.5) is trading above our estimate of fair value ($2.24)

Significantly Undervalued: PHX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PHX is poor value based on its PE Ratio (14.3x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: PHX is good value based on its PE Ratio (14.3x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: PHX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PHX is overvalued based on its PB Ratio (1.6x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Panhandle Oil and Gas forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHX's earnings are forecast to decline over the next 3 years (-58.6% per year).

Earnings vs Market: PHX's earnings are forecast to decline over the next 3 years (-58.6% per year).

High Growth Earnings: PHX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PHX's revenue (3.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: PHX's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PHX's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: PHX's earnings have declined by -7.4% per year over the past 5 years.

Accelerating Growth: PHX's earnings growth over the past year (5.6%) exceeds its 5-year average (-7.4% per year).

Earnings vs Industry: PHX earnings growth over the past year (5.6%) underperformed the Oil and Gas industry 22.6%.


Return on Equity

High ROE: PHX's Return on Equity (11.7%) is considered low.


Return on Assets

ROA vs Industry: PHX has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: PHX's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Panhandle Oil and Gas's financial position?


Financial Position Analysis

Short Term Liabilities: PHX's short term assets ($11.5M) exceeds its short term liabilities ($2.4M)

Long Term Liabilities: PHX's short term assets (11.5M) do not cover its long term liabilities (67.7M)


Debt to Equity History and Analysis

Debt Level: PHX's debt to equity ratio (30.4%) is considered satisfactory

Reducing Debt: PHX's debt to equity ratio has reduced from 77.9% to 30.4% over the past 5 years.

Debt Coverage: PHX's debt is well covered by operating cash flow (47.3%).

Interest Coverage: PHX's interest payments on its debt are well covered by EBIT (5x coverage).


Balance Sheet

Inventory Level: PHX has a high level of physical assets or inventory.

Debt Coverage by Assets: PHX's 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?

1.19%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PHX's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: PHX's dividend (1.19%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: PHX's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.9%), PHX's dividend payments are well covered by earnings.


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

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

2.8yrs

Average management tenure


CEO

Chad Stephens (63yo)

0.2yrs

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

2.8yrs

Average Tenure

53yo

Average Age

Experienced Management: PHX's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

2.2yrs

Average Tenure

63yo

Average Age

Experienced Board: PHX's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: PHX insiders have bought more shares than they have sold 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
Independent 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
Independent Director
Shares16
Max PriceUS$17.09
BuyUS$32,14017 Dec 18
Peter Delaney
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$16.11

Ownership Breakdown


Management Team

  • Chad Stephens (63yo)

    Interim CEO & Director

    • Tenure: 0.2yrs
    • Compensation: US$94.75k
  • Robb Winfield (44yo)

    VP, CFO

    • Tenure: 2.8yrs
    • Compensation: US$379.32k
  • Freda Webb (62yo)

    Vice President of Operations

    • Tenure: 2.8yrs
    • Compensation: US$453.54k
  • Stephanie Morris

    Assistant Controller

    • Tenure: 2.8yrs
  • Ralph D'Amico (43yo)

    Vice President of Business Development & Investor Relations

    • Tenure: 0.8yrs

Board Members

  • Mark Behrman (56yo)

    Lead Independent Director

    • Tenure: 0.2yrs
    • Compensation: US$95.42k
  • Lee Canaan (62yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$102.55k
  • Pete Delaney (65yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$65.91k
  • Bob Lorenz (72yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$113.69k
  • Chad Stephens (63yo)

    Interim CEO & Director

    • Tenure: 0.2yrs
    • Compensation: US$94.75k
  • Bob Robotti (65yo)

    Independent Director

    • Tenure: 15.5yrs
    • Compensation: US$108.66k
  • Chris Fraser (61yo)

    Independent Director

    • Tenure: 0.6yrs

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$221.248m
  • 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 Analysis2019/10/19 23:49
End of Day Share Price2019/10/18 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.