SandRidge Permian Trust (PER) Stock Price Up 8.2%
SandRidge Permian Trust (NYSE:PER) rose 8.2% during mid-day trading on Monday . The company traded as high as $3.03 and last traded at $3.03, with a volume of 354,504 shares trading hands. The stock had previously closed at $2.80.
Separately, Roth Capital restated a “buy” rating on shares of SandRidge Permian Trust in a research report on Tuesday, July 12th.
The stock’s 50 day moving average price is $2.54 and its 200 day moving average price is $2.56. The company has a market cap of $146.48 million and a price-to-earnings ratio of 2.3212.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.95%. The ex-dividend date is Wednesday, August 10th. This is a positive change from SandRidge Permian Trust’s previous quarterly dividend of $0.09.
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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