Panhandle Oil & Gas Inc (NYSE:PHX): Negative Stock Sentiment

September 8, 2018 - By Catherine Diaz

Sentiment for Panhandle Oil & Gas Inc (NYSE:PHX)

Panhandle Oil & Gas Inc (NYSE:PHX) institutional sentiment decreased to 1 in Q1 2018. Its down -0.52, from 1.52 in 2017Q4. The ratio turned negative, as 26 funds increased and started new positions, while 26 sold and decreased positions in Panhandle Oil & Gas Inc. The funds in our partner’s database now hold: 9.65 million shares, up from 9.56 million shares in 2017Q4. Also, the number of funds holding Panhandle Oil & Gas Inc in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 5 Reduced: 21 Increased: 19 New Position: 7.

Panhandle Oil and Gas Inc. acquires, develops, and manages oil and natural gas properties in the United States. The company has market cap of $321.31 million. The firm produces and sells crude oil, natural gas, and natural gas liquids. It has a 21.44 P/E ratio. The Company’s mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma, and Texas.

The stock increased 2.68% or $0.5 during the last trading session, reaching $19.15. About 21,710 shares traded or 13.86% up from the average. Panhandle Oil and Gas Inc. (NYSE:PHX) has risen 6.38% since September 8, 2017 and is uptrending. It has underperformed by 6.19% the S&P500.

Analysts await Panhandle Oil and Gas Inc. (NYSE:PHX) to report earnings on December, 11. They expect $0.14 earnings per share, up 133.33 % or $0.08 from last year’s $0.06 per share. PHX’s profit will be $2.35M for 34.20 P/E if the $0.14 EPS becomes a reality. After $-0.05 actual earnings per share reported by Panhandle Oil and Gas Inc. for the previous quarter, Wall Street now forecasts -380.00 % EPS growth.

Trigran Investments Inc. holds 8.73% of its portfolio in Panhandle Oil and Gas Inc. for 2.14 million shares. Robotti Robert owns 755,383 shares or 4.03% of their US portfolio. Moreover, Alphaone Investment Services Llc has 1.08% invested in the company for 204,326 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.6% in the stock. Amica Retiree Medical Trust, a Rhode Island-based fund reported 34,472 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $19,262 activity.

More news for Panhandle Oil and Gas Inc. (NYSE:PHX) were recently published by: Benzinga.com, which released: “PANHANDLE OIL AND GAS INC. to Present at EnerCom’s The Oil & Gas Conference 23 on Aug. 21st in Denver” on August 10, 2018. Prnewswire.com‘s article titled: “PANHANDLE OIL AND GAS INC. Announces Closing of Mineral Acquisition and Corporate Strategy” and published on August 22, 2018 is yet another important article.

Panhandle Oil and Gas Inc. (NYSE:PHX) Institutional Positions Chart

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