Permian Basin Royalty Trust (PBT) Getting Somewhat Positive News Coverage, Analysis Shows

Press coverage about Permian Basin Royalty Trust (NYSE:PBT) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Permian Basin Royalty Trust earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 46.9801195814628 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Permian Basin Royalty Trust (PBT) traded down 0.21% during midday trading on Thursday, reaching $9.29. The company had a trading volume of 88,753 shares. Permian Basin Royalty Trust has a 1-year low of $6.66 and a 1-year high of $10.30. The stock has a market capitalization of $432.99 million, a PE ratio of 14.65 and a beta of 0.66. The firm’s 50 day moving average is $8.56 and its 200 day moving average is $9.10.

Permian Basin Royalty Trust (NYSE:PBT) last issued its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 95.38% and a return on equity of 4,964.71%. The company had revenue of $7.48 million for the quarter.

The business also recently announced a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.48 annualized dividend and a yield of 5.17%. Permian Basin Royalty Trust’s payout ratio is currently 76.19%.

Separately, BidaskClub cut Permian Basin Royalty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th.

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About Permian Basin Royalty Trust

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

Insider Buying and Selling by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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