Sabine Royalty Trust (NYSE:SBR - Get Free Report) posted its earnings results on Friday. The energy company reported $1.24 EPS for the quarter, Zacks reports. The firm had revenue of $19.40 million during the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.
Sabine Royalty Trust Price Performance
Shares of Sabine Royalty Trust stock traded down $0.11 during trading hours on Thursday, hitting $65.76. 3,400 shares of the company's stock traded hands, compared to its average volume of 38,065. 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 $958.69 million, a price-to-earnings ratio of 10.15 and a beta of 0.29. The company has a fifty day simple moving average of $65.33 and a 200-day simple moving average of $65.08.
Sabine Royalty Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.4478 per share. This represents a $5.37 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Thursday, May 15th. Sabine Royalty Trust's dividend payout ratio (DPR) is presently 100.75%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Sabine Royalty Trust from a "hold" rating to a "buy" rating in a report on Monday, February 10th.
Check Out Our Latest Analysis on Sabine Royalty Trust
About Sabine Royalty Trust
(
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.
See Also
Before you consider Sabine Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabine Royalty Trust wasn't on the list.
While Sabine Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
