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

Permian Basin Royalty Trust (NYSE:PBT) released its earnings results on Monday. The oil and gas producer reported $0.08 earnings per share for the quarter, Zacks reports. The company had revenue of $4.98 million for the quarter. Permian Basin Royalty Trust had a return on equity of 9,990.08% and a net margin of 91.96%.

Permian Basin Royalty Trust Trading Up 4.4%

Permian Basin Royalty Trust stock opened at $30.20 on Tuesday. The stock has a 50-day moving average price of $33.26 and a two-hundred day moving average price of $27.08. Permian Basin Royalty Trust has a 12 month low of $16.25 and a 12 month high of $37.00. The company has a market capitalization of $1.41 billion, a PE ratio of 86.28 and a beta of 0.39.

Permian Basin Royalty Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a $0.0452 dividend. This is an increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.0196. This represents a $0.54 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 30th. Permian Basin Royalty Trust’s dividend payout ratio (DPR) is 154.29%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Permian Basin Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Permian Basin Royalty Trust Company Profile