SandRidge Permian Trust (PER) Trading 4.6% Higher
Shares of SandRidge Permian Trust (NYSE:PER) traded up 4.6% on Wednesday . The stock traded as high as $2.52 and last traded at $2.52, with a volume of 127,473 shares trading hands. The stock had previously closed at $2.41.
Separately, 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.
The company has a market capitalization of $132.30 million and a PE ratio of 2.10. The firm’s 50 day moving average is $2.45 and its 200-day moving average is $2.56.
A hedge fund recently raised its stake in SandRidge Permian Trust stock. GSA Capital Partners LLP increased 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 as of its most recent filing with the SEC.
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).