PermRock Royalty Trust (NYSE:PRT) Issues Quarterly Earnings Results

PermRock Royalty Trust (NYSE:PRT) released its quarterly earnings results on Friday. The company reported $0.11 EPS for the quarter, Zacks reports. PermRock Royalty Trust had a return on equity of 6.93% and a net margin of 85.33%.

PermRock Royalty Trust Stock Down 0.0 %

PRT stock traded down $0.00 on Friday, reaching $4.33. 34,970 shares of the company’s stock were exchanged, compared to its average volume of 48,941. The stock has a fifty day moving average of $4.21 and a 200-day moving average of $3.99. The firm has a market cap of $52.67 million, a PE ratio of 10.31 and a beta of 0.95. PermRock Royalty Trust has a twelve month low of $3.26 and a twelve month high of $4.63.

PermRock Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date of this dividend is Monday, March 31st. PermRock Royalty Trust’s dividend payout ratio is presently 114.29%.

About PermRock Royalty Trust

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.