Somewhat Positive News Coverage Somewhat Unlikely to Affect Permian Basin Royalty Trust (PBT) Stock Price
Media coverage about Permian Basin Royalty Trust (NYSE:PBT) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Permian Basin Royalty Trust earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 46.9174359920566 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
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.
Shares of Permian Basin Royalty Trust (PBT) traded up 0.97% during trading on Tuesday, reaching $8.30. 55,155 shares of the company were exchanged. Permian Basin Royalty Trust has a one year low of $6.66 and a one year high of $10.30. The stock has a market capitalization of $386.85 million, a price-to-earnings ratio of 13.09 and a beta of 0.64. The company has a 50 day moving average price of $8.55 and a 200-day moving average price of $9.18.
Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%. The business had revenue of $7.48 million during the quarter.
The firm also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.046 per share. This is an increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.55 annualized dividend and a yield of 6.65%. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is currently 87.30%.
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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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