Sabine Royalty Trust (NYSE:SBR) Releases Quarterly Earnings Results

Sabine Royalty Trust (NYSE:SBR) released its earnings results on Thursday. The energy company reported $1.27 earnings per share for the quarter, Zacks reports. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Sabine Royalty Trust Trading Down 2.9 %

Shares of SBR stock traded down $1.93 during mid-day trading on Thursday, reaching $64.60. The stock had a trading volume of 189,407 shares, compared to its average volume of 41,545. The firm has a market capitalization of $941.80 million, a PE ratio of 9.95 and a beta of 0.48. The stock’s 50-day moving average price is $66.36 and its two-hundred day moving average price is $63.77. Sabine Royalty Trust has a 52-week low of $58.60 and a 52-week high of $70.20.

Sabine Royalty Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4395 dividend. This represents a $5.27 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is 81.20%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.