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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
NYSE:PBT

Permian Basin Royalty Trust (PBT) Stock Forecast, Price & News

$21.25
-0.20 (-0.93%)
(As of 09/29/2023 ET)
Compare
Today's Range
$21.06
$21.97
50-Day Range
$19.78
$24.15
52-Week Range
$15.63
$27.77
Volume
81,835 shs
Average Volume
106,460 shs
Market Capitalization
$990.46 million
P/E Ratio
18.81
Dividend Yield
1.27%
Price Target
N/A

PBT stock logo

About Permian Basin Royalty Trust (NYSE:PBT) Stock

Permian Basin Royalty Trust is a publicly traded trust that owns overriding royalty rights in oil and gas properties in the Permian Basin of West Texas and New Mexico. Established in 1980, Permian Basin Royalty Trust operates as a trust to distribute the net proceeds from the sale of oil and gas production to its unitholders.

The company's mission is to generate long-term value for its unitholders by maximizing the production and cash flow from its royalty interests. The company is headquartered in Dallas, Texas, and its operations primarily focus on the Permian Basin, one of the most prominent and prolific oil and gas-producing regions in the United States.

Permian Basin Royalty Trust's primary products and services involve collecting and distributing royalty income from oil and gas production. The trust's target market comprises investors seeking exposure to the energy sector and looking for a passive income stream through royalty interests. The company's key customers include individual investors, institutional investors, and energy-focused funds.

Permian Basin Royalty Trust has demonstrated robust financial metrics over the past few years. The trust has reported steady revenue growth, driven by increased production volumes and favorable oil and gas prices. Earnings have also shown a positive trend, reflecting efficient cost management and optimization of royalty interests.

The trust has maintained healthy profit margins, indicating its ability to generate significant cash flows from its operations. Permian Basin Royalty Trust has managed its debt levels prudently, ensuring a strong balance sheet and financial stability. 

The company's valuation metrics, such as the price-to-earnings and price-to-book ratios, indicate its relative value compared to its industry peers. Permian Basin Royalty Trust's valuation is influenced by its revenue growth, earnings potential, and overall investor sentiment toward the energy sector. Investor sentiment and industry dynamics changes can substantially impact the company's valuation.

Permian Basin Royalty Trust's market performance has experienced a mix of ups and downs. Various factors, including fluctuations in commodity prices, industry trends, and geopolitical events, have influenced the trust's stock price. Significant price movements and changes in trading volume can be observed during periods of heightened market volatility or significant news events related to the energy sector.

Broader industry dynamics also influence the company's stock performance. The oil and gas industry is subject to various external factors, including supply and demand dynamics, regulatory changes, and geopolitical tensions. Comprehensive industry analysis is crucial to understanding Permian Basin Royalty Trust's market performance and identifying potential risks and opportunities.

The broader energy landscape in which the company operates is characterized by intense competition and regulatory complexities. The Permian Basin is one of the most active and competitive oil and gas regions globally, with numerous operators and producers vying for market share. The company faces competition from major energy companies and independent operators who have established a significant presence in the Permian Basin.

Regulatory and political factors also play a crucial role in shaping the industry landscape. Changes in environmental regulations, taxation policies, or government initiatives can impact the profitability and operational practices of companies operating in the Permian Basin. Permian Basin Royalty Trust must closely monitor and adapt to regulatory changes to ensure compliance and mitigate potential risks.

Permian Basin Royalty Trust enjoys certain advantages as a royalty trust. The trust does not directly engage in exploration or production activities, which mitigates some of the operational risks associated with the industry. Instead, the trust focuses on generating income through its royalty interests, allowing it to benefit from the production efforts of various operators in the Permian Basin.

Permian Basin Royalty Trust's growth opportunities lie in capitalizing on the continued expansion of oil and gas production in the Permian Basin. The region is witnessing significant investment and technological advancements, leading to increased reserves and production capabilities. The company can explore potential growth avenues through new product launches, acquisitions of additional royalty interests, or expanding its reach into new markets.

The trust's competitive advantages in pursuing these opportunities include its established presence in the Permian Basin and extensive experience managing royalty interests. Permian Basin Royalty Trust's longstanding relationships with regional operators give it access to a diverse portfolio of productive assets. Additionally, the company's financial stability and strong cash flow generation position it favorably to seize growth opportunities.

Permian Basin Royalty Trust is not without its risks and challenges. One of the key risks the trust faces is the volatility of commodity prices. Fluctuations in oil and gas prices can directly impact the company's revenue and profitability. Changes in consumer preferences and the growing focus on renewable energy sources also pose long-term risks to the demand for fossil fuels, potentially affecting the production levels in the Permian Basin.

Additionally, regulatory changes and increased scrutiny of the environmental impact of the energy industry can pose challenges for the company. Stricter emissions, water usage, and land regulations can increase compliance costs and operational complexities for both the company and its operators.

Permian Basin Royalty Trust employs risk management strategies such as diversification of its royalty interests across multiple operators and assets. By spreading its exposure, the trust can minimize the impact of any individual operator's performance or regulatory changes. Permian Basin Royalty Trust maintains strong communication and collaboration with its operators to ensure compliance with regulatory requirements and industry best practices.

PBT Price History

PBT Stock News Headlines

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PBT Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Today
9/30/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil royalty traders
Sub-Industry
N/A
Employees
N/A
Year Founded
N/A

Profitability

Net Income
$53.54 million
Pretax Margin
97.93%

Debt

Sales & Book Value

Annual Sales
$54.47 million
Cash Flow
$1.14 per share
Book Value
$0.01 per share
Price / Book
2,125.00

Miscellaneous

Free Float
N/A
Market Cap
$990.46 million
Optionable
Optionable
Beta
0.89
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PBT Stock - Frequently Asked Questions

How have PBT shares performed in 2023?

Permian Basin Royalty Trust's stock was trading at $25.20 on January 1st, 2023. Since then, PBT shares have decreased by 15.7% and is now trading at $21.25.
View the best growth stocks for 2023 here
.

When is Permian Basin Royalty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our PBT earnings forecast
.

How were Permian Basin Royalty Trust's earnings last quarter?

Permian Basin Royalty Trust (NYSE:PBT) posted its earnings results on Wednesday, August, 9th. The oil and gas producer reported $0.12 EPS for the quarter. The oil and gas producer earned $6.10 million during the quarter. Permian Basin Royalty Trust had a trailing twelve-month return on equity of 20,615.65% and a net margin of 97.93%.

How often does Permian Basin Royalty Trust pay dividends? What is the dividend yield for Permian Basin Royalty Trust?

Permian Basin Royalty Trust announced a monthly dividend on Tuesday, September 19th. Stockholders of record on Friday, September 29th will be given a dividend of $0.022 per share on Monday, October 16th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for PBT
.

What ETFs hold Permian Basin Royalty Trust's stock?

ETFs with the largest weight of Permian Basin Royalty Trust (NYSE:PBT) stock in their portfolio include Horizon Kinetics Energy and Remediation ETF (NVIR) and Horizon Kinetics Inflation Beneficiaries ETF (INFL).AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

Is Permian Basin Royalty Trust a good dividend stock?

Permian Basin Royalty Trust (NYSE:PBT) pays an annual dividend of $0.27 per share and currently has a dividend yield of 1.25%. The dividend payout ratio is 23.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PBT.

What other stocks do shareholders of Permian Basin Royalty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Permian Basin Royalty Trust investors own include Exxon Mobil (XOM), Coeur Mining (CDE), AbbVie (ABBV), Callon Petroleum (CPE), Enterprise Products Partners (EPD), Energy Transfer (ET), Range Resources (RRC), AT&T (T), Pembina Pipeline (PBA) and Marathon Petroleum (MPC).

What is Permian Basin Royalty Trust's stock symbol?

Permian Basin Royalty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBT."

How do I buy shares of Permian Basin Royalty Trust?

Shares of PBT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Permian Basin Royalty Trust's stock price today?

One share of PBT stock can currently be purchased for approximately $21.25.

How much money does Permian Basin Royalty Trust make?

Permian Basin Royalty Trust (NYSE:PBT) has a market capitalization of $990.46 million and generates $54.47 million in revenue each year. The oil and gas producer earns $53.54 million in net income (profit) each year or $1.13 on an earnings per share basis.

How can I contact Permian Basin Royalty Trust?

Permian Basin Royalty Trust's mailing address is 2911 Turtle Creek Boulevard Suite 850, Dallas TX, 75219. The official website for the company is www.pbt-permian.com. The oil and gas producer can be reached via phone at (855) 588-7839, via email at trustee@pbt-permian.com, or via fax at 214-559-7010.

This page (NYSE:PBT) was last updated on 9/30/2023 by MarketBeat.com Staff

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