SandRidge Permian Trust (PER) Receiving Somewhat Favorable Press Coverage, Report Finds
Press coverage about SandRidge Permian Trust (NYSE:PER) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SandRidge Permian Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 45.5870242300415 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of SandRidge Permian Trust (NYSE:PER) traded up 1.82% during trading on Tuesday, reaching $2.80. 50,641 shares of the company’s stock were exchanged. The company has a 50 day moving average of $2.82 and a 200 day moving average of $2.96. The firm has a market capitalization of $147.00 million, a P/E ratio of 6.02 and a beta of 0.71. SandRidge Permian Trust has a 52-week low of $2.56 and a 52-week high of $4.00.
SandRidge Permian Trust (NYSE:PER) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $7.84 million during the quarter. SandRidge Permian Trust had a net margin of 88.64% and a return on equity of 19.14%. Equities analysts anticipate that SandRidge Permian Trust will post $2.78 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.119 per share. This represents a $0.48 annualized dividend and a dividend yield of 17.31%. The ex-dividend date of this dividend was Wednesday, August 9th. SandRidge Permian Trust’s dividend payout ratio is currently 96.00%.
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SandRidge Permian Trust Company Profile
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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