Sabine Royalty Trust (NYSE:SBR - Get Free Report) announced its quarterly earnings data on Friday. The energy company reported $1.24 EPS for the quarter, Zacks reports. The firm had revenue of $19.40 million for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.
Sabine Royalty Trust Trading Up 0.1 %
Shares of NYSE SBR traded up $0.04 during trading hours on Friday, hitting $64.45. 12,414 shares of the company traded hands, compared to its average volume of 38,525. The company's 50 day moving average price is $65.32 and its 200 day moving average price is $64.96. Sabine Royalty Trust has a 12 month low of $58.25 and a 12 month high of $70.20. The stock has a market capitalization of $939.62 million, a price-to-earnings ratio of 9.93 and a beta of 0.29.
Sabine Royalty Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.4478 dividend. This represents a $5.37 annualized dividend and a dividend yield of 8.34%. The ex-dividend date of this dividend is Thursday, May 15th. Sabine Royalty Trust's payout ratio is 98.35%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Sabine Royalty Trust from a "hold" rating to a "buy" rating in a report on Monday, February 10th.
View Our Latest Analysis on Sabine Royalty Trust
Sabine Royalty Trust Company Profile
(
Get Free Report)
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
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