Permian Basin Royalty Trust (PBT) Getting Somewhat Positive News Coverage, Accern Reports
Media coverage about Permian Basin Royalty Trust (NYSE:PBT) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Permian Basin Royalty Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 47.5109319920566 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, BidaskClub lowered Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Shares of Permian Basin Royalty Trust (PBT) traded down 0.46% during mid-day trading on Friday, reaching $8.71. The company’s stock had a trading volume of 63,822 shares. Permian Basin Royalty Trust has a 12-month low of $6.66 and a 12-month high of $10.30. The stock has a market capitalization of $405.96 million, a P/E ratio of 13.74 and a beta of 0.64. The company’s 50-day moving average price is $8.43 and its 200-day moving average price is $9.14.
Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%. The business had revenue of $7.48 million for the quarter.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.51%. The ex-dividend date of this dividend is Thursday, September 28th. Permian Basin Royalty Trust’s payout ratio is 76.19%.
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Permian Basin Royalty Trust Company Profile
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
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