Panhandle Oil and Gas Inc. is an AMEX listed security that has been trading in a range between $16.68 and $28.80 over the past year. With 8,422,530 shares outstanding, a recent price of $25.61 gives a total market capitalization of $215,785,226. While there are certainly larger companies, Panhandle Oil and Gas Inc. has definitely earned its place in the pack. Last year, Panhandle Oil and Gas Inc. created $0.56 in earnings for every share outstanding.
Panhandle Oil and Gas Inc. is currently priced by the market at 45.60 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Panhandle Oil and Gas Inc. could be an interesting value proposition.
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