Permian Basin Royalty Trust (PBT) to Release Earnings on Monday
Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings results 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 during the quarter.
Permian Basin Royalty Trust (PBT) opened at $9.41 on Friday. Permian Basin Royalty Trust has a twelve month low of $6.71 and a twelve month high of $10.30. The stock has a market capitalization of $438.59, a PE ratio of 14.94 and a beta of 0.64.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.054 per share. This is a boost from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. This represents a $0.65 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Monday, October 30th. Permian Basin Royalty Trust’s payout ratio is currently 103.18%.
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Separately, BidaskClub cut Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
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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