Shares of SandRidge Permian Trust (NYSE:PER) saw an uptick in trading volume on Monday . 124,182 shares were traded during trading, a decline of 9% from the previous session’s volume of 137,020 shares.The stock last traded at $2.61 and had previously closed at $2.56.

Several research firms recently commented on PER. Zacks Investment Research downgraded SandRidge Permian Trust from a “hold” rating to a “sell” rating in a research report on Friday, March 25th. Roth Capital reiterated a “buy” rating on shares of SandRidge Permian Trust in a research report on Tuesday, July 12th.

The company has a market capitalization of $134.40 million and a price-to-earnings ratio of 2.13. The company has a 50 day moving average price of $2.48 and a 200 day moving average price of $2.55.

An institutional investor recently raised its position in SandRidge Permian Trust stock. GSA Capital Partners LLP boosted its position in shares of SandRidge Permian Trust (NYSE:PER) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 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).

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