SandRidge Permian Trust (PER) Trading Up 2.8%
Shares of SandRidge Permian Trust (NYSE:PER) were up 2.8% on Thursday . The stock traded as high as $2.60 and last traded at $2.58, with a volume of 115,903 shares traded. The stock had previously closed at $2.51.
Several analysts have weighed in on PER shares. Zacks Investment Research raised shares of SandRidge Permian Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Roth Capital restated a “buy” rating on shares of SandRidge Permian Trust in a research report on Tuesday.
The stock has a market cap of $133.35 million and a PE ratio of 2.11. The stock’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.56.
An institutional investor recently raised its position in SandRidge Permian Trust stock. GSA Capital Partners LLP raised its position in shares of SandRidge Permian Trust (NYSE:PER) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 531,693 shares of the company’s stock after buying an additional 43,942 shares during the period. GSA Capital Partners LLP owned 1.01% of SandRidge Permian Trust worth $1,579,000 at the end of the most recent quarter.
Sandridge Permian Trust is a statutory trust formed under the Delaware Statutory Trust Act pursuant to a trust agreement by and among SandRidge Energy, Inc (SandRidge), as Trustor, The Bank of New York Mellon Trust Company, N.A., as Trustee (the Trustee), and The Corporation Trust Company, as Delaware Trustee (the Delaware Trustee).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.