PermRock Royalty Trust (NYSE:PRT – Get Free Report) will likely be posting its results before the market opens on Friday, March 27th. Analysts expect PermRock Royalty Trust to post earnings of $0.0858 per share and revenue of $4.93 million for the quarter.
PermRock Royalty Trust Trading Down 1.2%
Shares of NYSE:PRT opened at $3.32 on Thursday. PermRock Royalty Trust has a 12-month low of $2.61 and a 12-month high of $4.42. The business has a 50 day moving average of $3.37 and a two-hundred day moving average of $3.60. The company has a market capitalization of $40.40 million, a PE ratio of 7.90 and a beta of 0.72.
PermRock Royalty Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a $0.003 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. PermRock Royalty Trust’s dividend payout ratio is 30.95%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded PermRock Royalty Trust to a “hold” rating in a research report on Saturday, March 21st.
About PermRock Royalty Trust
PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.
The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.
Recommended Stories
Receive News & Ratings for PermRock Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PermRock Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
