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NYSE:PBT

Permian Basin Royalty Trust - PBT Stock Forecast, Price & News

$18.62
-1.08 (-5.48%)
(As of 08/12/2022 01:45 PM ET)
Add
Compare
Today's Range
$18.50
$19.43
50-Day Range
$14.53
$21.69
52-Week Range
$5.07
$23.08
Volume
5,661 shs
Average Volume
227,186 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
10.34%
Price Target
N/A
PBT stock logo

About Permian Basin Royalty Trust (NYSE:PBT) Stock

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2021, the Waddell Ranch properties contained 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells. The company also holds a 95% net overriding royalty in the Texas Royalty properties, which consist of various producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others located in 33 counties in Texas. Its Texas Royalty properties comprised approximately 125 separate royalty interests containing approximately 51,000 net producing acres. Permian Basin Royalty Trust was founded in 1980 and is based in Dallas, Texas.

Permian Basin Royalty Trust Trading Up 3.5 %

Shares of PBT traded up $0.66 on Thursday, reaching $19.70. The company's stock had a trading volume of 287,344 shares, compared to its average volume of 289,912. Permian Basin Royalty Trust has a twelve month low of $5.07 and a twelve month high of $23.08. The firm has a fifty day moving average of $18.07 and a 200-day moving average of $15.04.

Permian Basin Royalty Trust (NYSE:PBT - Get Rating) last posted its earnings results on Monday, May 16th. The oil and gas producer reported $0.08 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 91.67% and a return on equity of 3,610.01%. The company had revenue of $4.08 million for the quarter.

Permian Basin Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be paid a $0.164 dividend. This is a positive change from Permian Basin Royalty Trust's previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.97 annualized dividend and a yield of 9.99%.

Analysts Set New Price Targets

Separately, TheStreet upgraded shares of Permian Basin Royalty Trust from a "c" rating to a "b" rating in a report on Friday, May 20th.

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PBT Stock News Headlines

Permian Basin Royalty Trust declares $0.0292 dividend
Permian Basin Royalty Trust goes ex-dividend tomorrow
10 Energy Stocks that Pay Monthly Dividends
Should I Buy Permian Basin Royalty Trust (PBT)?
See More Headlines
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PBT Company Calendar

Last Earnings
5/16/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Ex-Dividend for 8/12 Dividend
7/28/2022
Today
8/12/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
8/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Profitability

Net Income
$10.72 million
Pretax Margin
91.67%

Debt

Sales & Book Value

Annual Sales
$11.81 million
Cash Flow
$0.23 per share
Book Value
$0.01 per share
Price / Book
1,862.00

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
0.97














PBT Stock - Frequently Asked Questions

How have PBT shares performed in 2022?

Permian Basin Royalty Trust's stock was trading at $10.10 on January 1st, 2022. Since then, PBT shares have increased by 95.0% and is now trading at $19.70.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
View our PBT earnings forecast
.

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

Permian Basin Royalty Trust (NYSE:PBT) released its quarterly earnings data on Monday, May, 16th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. The oil and gas producer earned $4.08 million during the quarter. Permian Basin Royalty Trust had a trailing twelve-month return on equity of 3,610.01% and a net margin of 91.67%.

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

Permian Basin Royalty Trust declared a monthly dividend on Wednesday, July 20th. Investors of record on Friday, July 29th will be given a dividend of $0.164 per share on Friday, August 12th. This represents a $1.97 dividend on an annualized basis and a yield of 9.99%. The ex-dividend date is Thursday, July 28th. This is a positive change from the stock's previous monthly dividend of $0.09.
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 $1.97 per share and currently has a dividend yield of 10.35%. PBT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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."

Who are Permian Basin Royalty Trust's major shareholders?

Permian Basin Royalty Trust's stock is owned by many different retail and institutional investors. Top institutional investors include Horizon Kinetics Asset Management LLC (0.00%), Foundation Resource Management Inc. (1.50%), Mad River Investors (0.70%), Essex Financial Services Inc. (0.60%), Hosking Partners LLP (0.00%) and Group One Trading L.P. (0.00%).

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 $19.70.

How much money does Permian Basin Royalty Trust make?

Permian Basin Royalty Trust (NYSE:PBT) has a market capitalization of $918.22 million and generates $11.81 million in revenue each year.

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 8/12/2022 by MarketBeat.com Staff

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