SandRidge Permian Trust (PER) Trading Down 1.4%
SandRidge Permian Trust (NYSE:PER) shares fell 1.4% on Thursday . The stock traded as low as $2.74 and last traded at $2.75, with a volume of 135,306 shares. The stock had previously closed at $2.79.
Several brokerages have recently weighed in on PER. Roth Capital reiterated a “buy” rating on shares of SandRidge Permian Trust in a report on Tuesday, July 12th. Canaccord Genuity reiterated a “buy” rating on shares of SandRidge Permian Trust in a report on Monday, August 15th.
The firm has a 50-day moving average of $2.60 and a 200 day moving average of $2.57. The company has a market cap of $139.65 million and a price-to-earnings ratio of 3.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, August 10th. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 18.05%.
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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.