Permian Basin Royalty Trust (NYSE:PBT) Issues Quarterly Earnings Results

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) announced its earnings results on Friday. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $3.79 million for the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Permian Basin Royalty Trust Trading Down 0.9 %

Shares of PBT traded down $0.09 during midday trading on Tuesday, hitting $9.91. The stock had a trading volume of 37,498 shares, compared to its average volume of 123,169. Permian Basin Royalty Trust has a fifty-two week low of $9.43 and a fifty-two week high of $14.58. The business has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $11.52. The firm has a market cap of $461.90 million, a P/E ratio of 12.71 and a beta of 0.72.

Permian Basin Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.0171 dividend. This represents a $0.21 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, February 28th. Permian Basin Royalty Trust's payout ratio is 36.36%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.

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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.