PermRock Royalty Trust (PRT) to Release Quarterly Earnings on Friday

PermRock Royalty Trust (NYSE:PRTGet 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

An institutional investor recently bought a new position in PermRock Royalty Trust stock. Jane Street Group LLC acquired a new position in PermRock Royalty Trust (NYSE:PRTFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,023 shares of the company’s stock, valued at approximately $53,000. Jane Street Group LLC owned about 0.16% of PermRock Royalty Trust at the end of the most recent quarter. 41.67% of the stock is owned by institutional investors.

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.

Read Our Latest Report on PRT

About PermRock Royalty Trust

(Get Free Report)

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

Earnings History for PermRock Royalty Trust (NYSE:PRT)

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.