Panhandle Oil and Gas (NYSE:PHX) and CNX Resources (NYSE:CNX) are both small-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, risk, profitability, institutional ownership, earnings and dividends.
Risk and Volatility
Panhandle Oil and Gas has a beta of 0.58, meaning that its stock price is 42% less volatile than the S&P 500. Comparatively, CNX Resources has a beta of 0.66, meaning that its stock price is 34% less volatile than the S&P 500.
59.3% of Panhandle Oil and Gas shares are held by institutional investors. Comparatively, 95.9% of CNX Resources shares are held by institutional investors. 7.2% of Panhandle Oil and Gas shares are held by company insiders. Comparatively, 2.4% of CNX Resources shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Earnings & Valuation
This table compares Panhandle Oil and Gas and CNX Resources’ revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Panhandle Oil and Gas||$45.03 million||4.65||$14.63 million||$0.34||37.59|
|CNX Resources||$1.73 billion||0.93||$796.53 million||$1.53||5.63|
CNX Resources has higher revenue and earnings than Panhandle Oil and Gas. CNX Resources is trading at a lower price-to-earnings ratio than Panhandle Oil and Gas, indicating that it is currently the more affordable of the two stocks.
This table compares Panhandle Oil and Gas and CNX Resources’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Panhandle Oil and Gas||33.43%||9.49%||6.18%|
Panhandle Oil and Gas pays an annual dividend of $0.16 per share and has a dividend yield of 1.3%. CNX Resources does not pay a dividend. Panhandle Oil and Gas pays out 47.1% of its earnings in the form of a dividend.
This is a summary of recent recommendations for Panhandle Oil and Gas and CNX Resources, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Panhandle Oil and Gas||0||0||1||0||3.00|
Panhandle Oil and Gas currently has a consensus price target of $5.00, indicating a potential downside of 60.88%. CNX Resources has a consensus price target of $14.75, indicating a potential upside of 71.11%. Given CNX Resources’ higher probable upside, analysts clearly believe CNX Resources is more favorable than Panhandle Oil and Gas.
Panhandle Oil and Gas Company Profile
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 principal properties are located in Oklahoma, Arkansas, Texas, New Mexico, and North Dakota. As of September 30, 2018, the company owned perpetual ownership of 258,555 net mineral acres; leased 17,203 net acres; and held working interests and royalty interests in 6,079 producing oil and natural gas wells, as well as had 69 wells in the process of being drilled or completed. It sells its products to various purchasers, including pipeline and marketing companies. The company was founded in 1926 and is based in Oklahoma City, Oklahoma.
CNX Resources Company Profile
CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream. The E&P division produces pipeline quality natural gas primarily to gas wholesalers. This division owns rights to extract natural gas in Pennsylvania, West Virginia, and Ohio from approximately 539,000 net Marcellus Shale acres; and 627,000 net acres of Utica Shale, as well as rights to extract natural gas from other shale and shallow oil and gas positions from approximately 968,000 in Illinois, Indiana, New York, Ohio, Pennsylvania, Virginia, and West Virginia. It also owns rights to extract coalbed methane (CBM) in Virginia from approximately 308,000 net CBM acres, as well as 210,000 net CBM acres in West Virginia, Pennsylvania, Ohio, Illinois, Indiana, and New Mexico. The Midstream division owns, operates, and develops natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company also offers gas gathering and water delivery solutions to third-parties. The company was formerly known as CONSOL Energy Inc. and changed its name to CNX Resources Corporation in November 2017. CNX Resources Corporation was founded in 1860 and is headquartered in Canonsburg, Pennsylvania.
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