Sabine Royalty Trust (SBR) Earning Somewhat Positive Press Coverage, Report Shows
News articles about Sabine Royalty Trust (NYSE:SBR) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sabine Royalty Trust earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.7429887281727 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Sabine Royalty Trust (SBR) traded down 0.367% during midday trading on Tuesday, reaching $39.355. The company had a trading volume of 1,755 shares. The company has a market capitalization of $573.76 million, a P/E ratio of 17.307 and a beta of 0.25. Sabine Royalty Trust has a 52-week low of $33.46 and a 52-week high of $41.50. The company’s 50 day moving average is $39.55 and its 200-day moving average is $37.73.
Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a net margin of 93.10% and a return on equity of 695.91%.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be given a $0.217 dividend. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date is Friday, September 15th. This represents a $2.60 annualized dividend and a yield of 6.59%. Sabine Royalty Trust’s payout ratio is 114.54%.
A number of research firms recently issued reports on SBR. TheStreet raised Sabine Royalty Trust from a “c” rating to a “b-” rating in a research note on Monday, May 22nd. BidaskClub lowered Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.
About Sabine Royalty Trust
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.
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