NYSE:PRT

PermRock Royalty Trust (PRT) Stock Price, News & Analysis

$4.09
+0.06 (+1.49%)
(As of 04:30 PM ET)
Today's Range
$4.03
$4.12
50-Day Range
$4.00
$4.56
52-Week Range
$3.99
$6.99
Volume
35,562 shs
Average Volume
43,006 shs
Market Capitalization
$49.78 million
P/E Ratio
8.02
Dividend Yield
6.85%
Price Target
N/A

PermRock Royalty Trust MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.19mentions of PermRock Royalty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$15,200 Sold Last Quarter
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.

2.65 out of 5 stars

Oils/Energy Sector

147th out of 236 stocks

Crude Petroleum & Natural Gas Industry

52nd out of 76 stocks

PRT stock logo

About PermRock Royalty Trust Stock (NYSE:PRT)

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.

PRT Stock Price History

PRT Stock News Headlines

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A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
PermRock Royalty Trust (PRT)
PermRock Royalty Trust Declares Monthly Cash Distribution
Biden replacement revealed?
A former CIA insider just announced a disturbing prediction… Biden will withdraw as the Democrat nominee on June 13.
PRT - PermRock Royalty Trust
PermRock Royalty Trust declares $0.0602 dividend
PermRock Royalty Trust declares $0.093 dividend
See More Headlines
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Company Calendar

Ex-Dividend for 4/12 Dividend
3/27/2024
Dividend Payable
4/12/2024
Today
4/23/2024
Ex-Dividend for 5/14 Dividend
4/29/2024
Dividend Payable
5/14/2024
Next Earnings (Estimated)
5/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
2,020
Year Founded
N/A

Profitability

Net Income
$6.26 million
Pretax Margin
87.86%

Debt

Sales & Book Value

Annual Sales
$7.19 million
Cash Flow
$0.51 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
N/A
Market Cap
$49.11 million
Optionable
Not Optionable
Beta
0.93
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PRT Stock Analysis - Frequently Asked Questions

How have PRT shares performed in 2024?

PermRock Royalty Trust's stock was trading at $4.42 at the start of the year. Since then, PRT shares have decreased by 7.5% and is now trading at $4.09.
View the best growth stocks for 2024 here
.

Are investors shorting PermRock Royalty Trust?

PermRock Royalty Trust saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 30,300 shares, an increase of 24.2% from the March 15th total of 24,400 shares. Based on an average trading volume of 42,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company's stock are sold short.
View PermRock Royalty Trust's Short Interest
.

When is PermRock Royalty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our PRT earnings forecast
.

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

PermRock Royalty Trust announced a monthly dividend on Friday, April 19th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.0307 per share on Tuesday, May 14th. This represents a $0.37 annualized dividend and a yield of 9.00%. The ex-dividend date is Monday, April 29th. This is a boost from the stock's previous monthly dividend of $0.02.
Read our dividend analysis for PRT
.

Is PermRock Royalty Trust a good dividend stock?

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $0.28 per share and currently has a dividend yield of 6.71%. PRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for PRT.

What other stocks do shareholders of PermRock Royalty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PermRock Royalty Trust investors own include Main Street Capital (MAIN), New Residential Investment (NRZ), InfraCap MLP ETF (AMZA), Energy Transfer (ET), Golar LNG Partners (GMLP), Hercules Capital (HTGC), Mplx (MPLX), AT&T (T) and Arbor Realty Trust (ABR).

When did PermRock Royalty Trust IPO?

PermRock Royalty Trust (PRT) raised $126 million in an initial public offering (IPO) on Wednesday, May 2nd 2018. The company issued 6,300,000 shares at a price of $19.00-$21.00 per share. Wells Fargo Securities, Goldman Sachs, UBS Investment Bank, Deutsche Bank Securities, Jefferies, Stifel and Oppenheimer served as the underwriters for the IPO and BB&T Capital Markets and Janney Montgomery Scott were co-managers.

How do I buy shares of PermRock Royalty Trust?

Shares of PRT 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:PRT) was last updated on 4/23/2024 by MarketBeat.com Staff

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