|Bid||1.7200 x 1000|
|Ask||1.8200 x 800|
|Day's Range||1.7400 - 1.8000|
|52 Week Range||1.6700 - 15.2900|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 10, 2020 - Dec 14, 2020|
|Forward Dividend & Yield||0.10 (5.65%)|
|Ex-Dividend Date||Aug 26, 2020|
|1y Target Est||N/A|
Panhandle Oil and Gas Inc. ("Panhandle" or the "Company") (NYSE: PHX) announced today that it priced its previously announced underwritten public offering of 5,000,000 shares of common stock at a price to the public of $1.63 per share. In addition, the Company has also granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock at the same price per share. The offering is expected to close on or about Sept. 1, 2020, subject to customary closing conditions.
PANHANDLE OIL AND GAS INC. (NYSE: PHX) ("Panhandle") today announced that it has agreed to acquire two packages of mineral and royalty assets totaling approximately 795 net royalty acres in the SCOOP and Haynesville plays from Red Stone Resources, LLC (the "Assets") for $6.9 million (the "Acquisition") in cash and stock, subject to customary closing adjustments. The purchase price consists of $6.4 million in cash and $0.5 million in Panhandle common stock. Panhandle intends to raise the cash portion of the purchase price through an underwritten public offering of common stock (announced concurrently with this release). The stock issued in connection with the Acquisition will be subject to the same terms and conditions as the other subscribers for the offering. The Board of Directors of Panhandle unanimously approved the Acquisition. The effective date of the Acquisition is June 1, 2020, and it is expected to close in the first fiscal quarter of 2021.
PANHANDLE OIL AND GAS, INC. (NYSE: PHX) ("Panhandle" or the "Company") announced today that it has commenced an underwritten public offering of 5,000,000 shares of its common stock (the "Common Stock Offering"). Panhandle also intends to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.