Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) 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
View Our Latest Analysis on PBT
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.
Featured Stories
- Five stocks we like better than Permian Basin Royalty Trust
- Options Trading – Understanding Strike Price
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What Is WallStreetBets and What Stocks Are They Targeting?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
- Using the MarketBeat Dividend Tax Calculator
- Why Costco Stock Is Poised to Hit $1,000 Again Soon
Receive News & Ratings for Permian Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.