Permian Basin Royalty Trust (PBT) Earning Somewhat Favorable Media Coverage, Study Shows
News coverage about Permian Basin Royalty Trust (NYSE:PBT) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Permian Basin Royalty Trust earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.8575349652235 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Permian Basin Royalty Trust (NYSE:PBT) traded up $0.12 during mid-day trading on Friday, hitting $9.41. The stock had a trading volume of 84,513 shares, compared to its average volume of 84,306. The firm has a market capitalization of $438.59, a PE ratio of 14.94 and a beta of 0.64. Permian Basin Royalty Trust has a 12 month low of $6.71 and a 12 month high of $10.30.
Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share for the quarter. The company had revenue of $7.48 million during the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%.
The business also recently declared a monthly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be paid a $0.054 dividend. This is a boost from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.65 annualized dividend and a dividend yield of 6.88%. Permian Basin Royalty Trust’s dividend payout ratio is presently 103.18%.
Separately, BidaskClub cut Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
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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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