Sabine Royalty Trust (SBR) Releases Earnings Results
Sabine Royalty Trust (NYSE:SBR) released its quarterly earnings results on Wednesday. The energy company reported $0.54 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a return on equity of 665.18% and a net margin of 92.76%.
Shares of Sabine Royalty Trust (NYSE SBR) traded down 2.85% during midday trading on Friday, reaching $38.65. The company’s stock had a trading volume of 36,793 shares. Sabine Royalty Trust has a 12 month low of $33.46 and a 12 month high of $40.87. The stock has a market capitalization of $563.48 million, a PE ratio of 17.00 and a beta of 0.25. The stock’s 50 day moving average is $38.97 and its 200 day moving average is $37.70.
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.2167 per share. This represents a $2.60 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Friday, August 11th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is 91.08%.
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A number of equities research analysts recently weighed in on SBR shares. TheStreet upgraded Sabine Royalty Trust from a “c” rating to a “b-” rating in a report on Monday, May 22nd. BidaskClub cut Sabine Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.
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