Permian Basin Royalty Trust (PBT) Receiving Somewhat Positive Press Coverage, Accern Reports
News articles about Permian Basin Royalty Trust (NYSE:PBT) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Permian Basin Royalty Trust earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the oil and gas producer an impact score of 46.5220113112042 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Permian Basin Royalty Trust (NYSE PBT) traded down 0.80% during mid-day trading on Monday, hitting $8.73. 94,355 shares of the stock traded hands. The company’s 50 day moving average price is $8.99 and its 200-day moving average price is $9.29. The stock has a market cap of $406.89 million, a price-to-earnings ratio of 15.51 and a beta of 0.59. Permian Basin Royalty Trust has a 1-year low of $6.32 and a 1-year high of $10.30.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a $0.0408 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date of this dividend is Thursday, July 27th. Permian Basin Royalty Trust’s payout ratio is 87.50%.
Separately, BidaskClub lowered shares of Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
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Permian Basin Royalty Trust Company Profile
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
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