Permian Basin Royalty Trust (NYSE:PBT) Releases Earnings Results

Permian Basin Royalty Trust (NYSE:PBT) announced its earnings results on Friday. The oil and gas producer reported $0.08 earnings per share for the quarter, Zacks reports. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%.

Permian Basin Royalty Trust Price Performance

NYSE:PBT opened at $10.21 on Friday. Permian Basin Royalty Trust has a one year low of $9.43 and a one year high of $14.58. The company’s 50-day simple moving average is $11.02 and its 200 day simple moving average is $11.53. The firm has a market capitalization of $475.64 million, a P/E ratio of 13.08 and a beta of 0.72.

Permian Basin Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.0171 per share. This represents a $0.21 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, February 28th. Permian Basin Royalty Trust’s payout ratio is currently 25.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.