Our eagle promises to take care of your payroll.
For those of you who own shares of the firm, it’s also taking care of your income — or at least it did last week.
Paycom Software, the Oklahoma City online payroll provider, went public earlier this year during a shaky period for IPOs, and the stock price stumbled a bit out of the gate (if I can mix my animal metaphors).
But last week, the stock suddenly found its footing. PAYC shares grew 24 percent over the past five days before closing at $16.84 on Friday.
Paycom’s most recent earnings report touted revenue growth, and the company continues to hire and expand — particularly at its home office next to the Kilpatrick Turnpike (home of the $4 subsidized lunch).
The stock is even approaching its all-time high of $17.92 set on that first day of trading back in May.
Our beagle was probably due for a bit of a catnap.
Panhandle Oil & Gas shares slipped 7.2 percent last week. But it’s not too surprising considered it posted a one-week gain of more than 21 percent less than a month ago.
Panhandle profit-takers likely contributed to the stock closing slightly lower than it opened each day last week until Friday’s 9-cent rally left PHX at $60.50.
But trading volume wasn’t alarmingly high. And the stock remains within shouting distance of its recently set 52-week high of $68.89.
Those who believed in Panhandle’s energy assets when they bought it on the way up likely aren’t selling all their shares during this little correction.
Eagle & Beagle is a weekly look at the state’s high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.