Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. Permian Basin Royalty Trust had a net margin of 91.96% and a return on equity of 9,990.08%.
Permian Basin Royalty Trust Stock Up 4.4%
Shares of Permian Basin Royalty Trust stock traded up $1.27 during trading hours on Monday, hitting $30.20. 77,047 shares of the company’s stock traded hands, compared to its average volume of 134,031. The stock has a 50 day simple moving average of $33.34 and a 200-day simple moving average of $27.03. The company has a market cap of $1.41 billion, a PE ratio of 86.28 and a beta of 0.39. Permian Basin Royalty Trust has a twelve month low of $16.25 and a twelve month high of $37.00.
Permian Basin Royalty Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0452 per share. This is a boost from Permian Basin Royalty Trust’s previous monthly dividend of $0.0196. This represents a $0.54 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 30th. Permian Basin Royalty Trust’s payout ratio is 154.29%.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of Permian Basin Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Report on Permian Basin Royalty Trust
About Permian Basin Royalty Trust
Permian Basin Royalty Trust (NYSE: PBT) is a grantor trust that holds interests in oil and natural gas properties located in the Permian Basin of West Texas. The trust does not explore for, develop, or operate properties itself. Instead, it receives proceeds generated from the production and sale of hydrocarbons from properties in which it owns royalty or net profits interests.
The trust’s principal interests include properties associated with the Waddell Ranch in Texas, as well as additional Texas royalty properties.
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