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Panhandle Oil & Gas: Fiscal 4Q Earnings Snapshot

OKLAHOMA CITY (AP) _ Panhandle Oil and Gas Inc. (PHX) on Tuesday reported fiscal fourth-quarter profit of $556,000.

The Oklahoma City-based company said it had profit of 4 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, were 6 cents per share.

The oil and gas company posted revenue of $11.6 million in the period.

For the year, the company reported profit of $14.6 million, or 86 cents per share. Revenue was reported as $45 million.

Panhandle Oil & Gas shares have dropped 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.72, a drop of 24 percent in the last 12 months.

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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