Panhandle Oil and Gas Inc. (NYSE:PHX)
December 5th, 2018
Amidst falling markets Panhandle Oil and Gas Inc. fell $0.56 Tuesday which equals a 3.34% drop, closing at $16.20. As well as the drop in value, Panhandle Oil and Gas Inc. hit a new 52 week low of $15.28, breaking the previous low of $15.79 from earlier this July. Panhandle Oil and Gas Inc. bounced 11.85% between low and high.
PHX was outperformed by the rest of the Energy sector which went down just 2.93%.
Results from 1 analyst suggest that Panhandle Oil and Gas Inc. could increase significantly (61%), while Finbox has calculated (with high uncertainty) a fair value price of $10.44.
The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
Panhandle Oil and Gas Inc. Info
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 mineral and leasehold properties are located in Arkansas, New Mexico, North Dakota, Oklahoma, and Texas. As of September 30, 2017, the company owned perpetual ownership of 255,039 net mineral acres; leased 19,351 net acres; and held working and royalty interests in 6,095 producing oil and natural gas wells, as well as 63 wells in the process of being drilled or completed. It sells its products to various purchasers, including pipeline and marketing companies. Panhandle Oil and Gas Inc. was founded in 1926 and is based in Oklahoma City, Oklahoma.
All amounts in USD unless otherwise indicated
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