U.S. Markets close in 3 hrs 39 mins

Panhandle Oil & Gas: Fiscal 2Q Earnings Snapshot

OKLAHOMA CITY (AP) _ Panhandle Oil and Gas Inc. (PHX) on Thursday reported a fiscal second-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.

The Oklahoma City-based company said it had a loss of 11 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The oil and gas company posted revenue of $7.6 million in the period.

Panhandle Oil & Gas shares have declined nearly 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.78, a drop of 31% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PHX at https://www.zacks.com/ap/PHX