SandRidge Permian Trust (PER) Trading 8.2% Higher
SandRidge Permian Trust (NYSE:PER)’s share price traded up 8.2% on Monday . The company traded as high as $3.03 and last traded at $3.03, with a volume of 354,504 shares traded. The stock had previously closed at $2.80.
Separately, Roth Capital reaffirmed a “buy” rating on shares of SandRidge Permian Trust in a research note on Tuesday, July 12th.
The firm has a 50-day moving average price of $2.51 and a 200-day moving average price of $2.55. The firm has a market capitalization of $158.55 million and a PE ratio of 2.51.
The company also recently announced 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. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.09. The ex-dividend date is Wednesday, August 10th. This represents a $0.48 dividend on an annualized basis and a yield of 17.14%.
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.