Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) issued 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 Trading Up 2.9 %
Shares of PBT traded up $0.29 during trading hours on Friday, reaching $10.15. The company had a trading volume of 103,017 shares, compared to its average volume of 123,866. Permian Basin Royalty Trust has a 12-month low of $9.43 and a 12-month high of $14.58. The firm has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $11.55. The company has a market capitalization of $472.85 million, a price-to-earnings ratio of 13.01 and a beta of 0.72.
Permian Basin Royalty Trust Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.0171 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.21 annualized dividend and a dividend yield of 2.02%. Permian Basin Royalty Trust’s payout ratio is currently 25.64%.
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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.
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