Somewhat Positive Media Coverage Somewhat Unlikely to Impact SandRidge Permian Trust (PER) Share Price
News stories about SandRidge Permian Trust (NYSE:PER) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Permian Trust earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 45.0340714897533 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of SandRidge Permian Trust (NYSE:PER) opened at $2.60 on Friday. SandRidge Permian Trust has a 12 month low of $2.60 and a 12 month high of $4.00. The company has a market cap of $136.50, a price-to-earnings ratio of 5.20 and a beta of 0.70.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 14.62%. The ex-dividend date was Thursday, November 9th. SandRidge Permian Trust’s dividend payout ratio is currently 76.00%.
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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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