Sabine Royalty Trust (NYSE:SBR) Posts Earnings Results

Sabine Royalty Trust (NYSE:SBR) posted its quarterly earnings data on Friday. The energy company reported $1.31 EPS for the quarter, Zacks reports. Sabine Royalty Trust had a return on equity of 961.80% and a net margin of 94.90%.

Sabine Royalty Trust Trading Down 0.6%

SBR traded down $0.39 during midday trading on Friday, hitting $65.47. 45,578 shares of the company were exchanged, compared to its average volume of 20,597. The firm has a market capitalization of $954.60 million, a price-to-earnings ratio of 14.14 and a beta of 0.30. Sabine Royalty Trust has a 1-year low of $65.06 and a 1-year high of $79.86. The company’s 50 day simple moving average is $72.31 and its 200 day simple moving average is $73.33.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.3604 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.32 dividend on an annualized basis and a yield of 6.6%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.3554. Sabine Royalty Trust’s payout ratio is presently 87.14%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Sabine Royalty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a grantor trust formed in 1982 to own and administer royalty and mineral interests in oil and natural gas properties. The trust does not explore for, develop, or operate wells; instead, it receives royalty payments and other proceeds generated from production on properties in which it holds interests.

Its interests are located primarily across several U.S. states, including Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Revenue generally depends on the volume of oil and natural gas produced from the underlying properties, commodity prices, and the operating activity of the companies that develop and manage those properties.

Sabine Royalty Trust is listed on the New York Stock Exchange under the symbol SBR.