SandRidge Permian Trust (NYSE:PER) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
SandRidge Permian Trust (NYSE PER) opened at $1.95 on Friday. The stock has a market cap of $102.38, a price-to-earnings ratio of 4.15 and a beta of 0.83. SandRidge Permian Trust has a fifty-two week low of $1.90 and a fifty-two week high of $3.30.
SandRidge Permian Trust (NYSE:PER) last posted its quarterly earnings results on Thursday, March 15th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $6.52 million during the quarter. SandRidge Permian Trust had a net margin of 84.52% and a return on equity of 18.56%.
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About SandRidge Permian Trust
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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