PermRock Royalty Trust (PRT) Projected to Post Quarterly Earnings on Tuesday

PermRock Royalty Trust (NYSE:PRT) is anticipated to issue its results before the market opens on Tuesday, May 19th. Analysts expect the company to announce earnings of $0.0858 per share and revenue of $4.93 million for the quarter.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $1.07 million during the quarter, compared to the consensus estimate of $4.93 million. PermRock Royalty Trust had a net margin of 84.04% and a return on equity of 7.94%.

PermRock Royalty Trust Stock Up 2.0%

PRT stock opened at $2.70 on Tuesday. The business’s fifty day moving average is $3.16 and its 200-day moving average is $3.40. The company has a market cap of $32.88 million, a P/E ratio of 6.93 and a beta of 0.52. PermRock Royalty Trust has a twelve month low of $2.61 and a twelve month high of $4.28.

PermRock Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 30th will be paid a $0.0005 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. PermRock Royalty Trust’s dividend payout ratio is 2.56%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised PermRock Royalty Trust to a “hold” rating in a research note on Saturday, March 21st.

Institutional Trading of PermRock Royalty Trust

An institutional investor recently bought a new position in PermRock Royalty Trust stock. Jane Street Group LLC acquired a new position in shares of PermRock Royalty Trust (NYSE:PRT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,023 shares of the company’s stock, valued at approximately $53,000. Jane Street Group LLC owned 0.16% of PermRock Royalty Trust at the end of the most recent quarter. Institutional investors own 41.67% of the company’s stock.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.

The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.