Permian Basin Royalty Trust (NYSE:PBT) Issues Quarterly Earnings Results

by · The Cerbat Gem

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) issued its quarterly earnings data on Friday. The oil and gas producer reported $0.08 EPS for the quarter, Zacks reports. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE PBT traded up $0.35 during midday trading on Friday, reaching $10.21. The company’s stock had a trading volume of 112,219 shares, compared to its average volume of 123,915. The company has a market cap of $475.64 million, a P/E ratio of 13.08 and a beta of 0.72. The business’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $11.55. Permian Basin Royalty Trust has a fifty-two week low of $9.43 and a fifty-two week high of $14.58.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.0171 per share. The ex-dividend date is Friday, February 28th. This represents a $0.21 annualized dividend and a dividend yield of 2.01%. Permian Basin Royalty Trust’s dividend payout ratio is presently 25.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th.

Read Our Latest Stock Report on Permian Basin Royalty Trust

Permian Basin Royalty Trust Company Profile

(Get Free Report)

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.

Featured Stories