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

$13.19
-0.07 (-0.53%)
(As of 09:50 AM ET)
Today's Range
$13.11
$13.25
50-Day Range
$13.24
$15.62
52-Week Range
$13.11
$27.77
Volume
20,423 shs
Average Volume
125,218 shs
Market Capitalization
$614.79 million
P/E Ratio
21.27
Dividend Yield
2.81%
Price Target
N/A

Permian Basin Royalty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.46% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.89mentions of Permian Basin Royalty Trust in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.04 out of 5 stars

Oils/Energy Sector

220th out of 240 stocks

Oil Royalty Traders Industry

2nd out of 5 stocks


PBT stock logo

About Permian Basin Royalty Trust Stock (NYSE:PBT)

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 Stock Price History

PBT Stock News Headlines

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Permian Basin Royalty Trust PBT
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Permian Basin Royalty: Dividend Insights
PBT - Permian Basin Royalty Trust
See More Headlines
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Company Calendar

Last Earnings
5/11/2020
Ex-Dividend for 2/14 Dividend
1/30/2024
Dividend Payable
2/14/2024
Today
2/22/2024
Ex-Dividend for 3/14 Dividend
2/28/2024
Next Earnings (Estimated)
3/06/2024
Dividend Payable
3/14/2024
Fiscal Year End
12/31/2024

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
96.27%

Debt

Sales & Book Value

Annual Sales
$54.47 million
Cash Flow
$1.12 per share
Book Value
$0.01 per share
Price / Book
1,324.00

Miscellaneous

Free Float
N/A
Market Cap
$617.12 million
Optionable
Optionable
Beta
0.64
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PBT Stock Analysis - Frequently Asked Questions

How have PBT shares performed in 2024?

Permian Basin Royalty Trust's stock was trading at $13.96 at the beginning of the year. Since then, PBT stock has decreased by 5.2% and is now trading at $13.24.
View the best growth stocks for 2024 here
.

Are investors shorting Permian Basin Royalty Trust?

Permian Basin Royalty Trust saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 194,200 shares, an increase of 30.7% from the January 15th total of 148,600 shares. Based on an average trading volume of 156,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company's stock are short sold.
View Permian Basin Royalty Trust's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our PBT earnings forecast
.

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

Permian Basin Royalty Trust (NYSE:PBT) announced its earnings results on Monday, May, 11th. The oil and gas producer reported $0.13 earnings per share for the quarter. The oil and gas producer had revenue of $6.26 million for the quarter. Permian Basin Royalty Trust had a trailing twelve-month return on equity of 13,208.86% and a net margin of 96.27%.

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 Friday, February 16th. Investors of record on Thursday, February 29th will be paid a dividend of $0.045 per share on Thursday, March 14th. This represents a $0.54 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Wednesday, February 28th. This is an increase from the stock's previous monthly dividend of $0.03.
Read our dividend analysis for PBT
.

Is Permian Basin Royalty Trust a good dividend stock?

Permian Basin Royalty Trust (NYSE:PBT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 2.71%. The dividend payout ratio is 59.68%. This payout ratio is at a healthy, sustainable level, below 75%.
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).

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).

Who are Permian Basin Royalty Trust's major shareholders?

Permian Basin Royalty Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Horizon Kinetics Asset Management LLC (7.69%), Schwartz Investment Counsel Inc. (1.72%), UBS Group AG (0.99%), Mad River Investors (0.55%), Beacon Pointe Advisors LLC (0.32%) and Kingswood Wealth Advisors LLC (0.25%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PBT) was last updated on 2/22/2024 by MarketBeat.com Staff