PermRock Royalty Trust (NYSE:PRT - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.11 EPS for the quarter, Zacks reports. The company had revenue of $1.47 million for the quarter. PermRock Royalty Trust had a net margin of 85.33% and a return on equity of 6.93%.
PermRock Royalty Trust Price Performance
Shares of PRT stock traded down $0.03 during trading hours on Tuesday, reaching $4.27. The company had a trading volume of 27,938 shares, compared to its average volume of 48,404. PermRock Royalty Trust has a 1-year low of $3.26 and a 1-year high of $4.63. The company has a 50 day moving average of $4.22 and a 200 day moving average of $3.99. The firm has a market cap of $51.95 million, a price-to-earnings ratio of 10.17 and a beta of 0.95.
PermRock Royalty Trust Cuts Dividend
The company 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 dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 11.25%. The ex-dividend date of this dividend is Monday, March 31st. PermRock Royalty Trust's dividend payout ratio is 114.29%.
About PermRock Royalty Trust
(
Get Free Report)
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.
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