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NYSE:PRT

PermRock Royalty Trust - PRT Stock Forecast, Price & News

$8.55
+0.01 (+0.12%)
(As of 08/10/2022 03:59 PM ET)
Add
Compare
Today's Range
$8.52
$8.64
50-Day Range
$7.04
$10.44
52-Week Range
$6.08
$10.88
Volume
521 shs
Average Volume
72,228 shs
Market Capitalization
$104.05 million
P/E Ratio
N/A
Dividend Yield
12.69%
Price Target
N/A

PermRock Royalty Trust MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.15% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$275,700 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.52 out of 5 stars

Oils/Energy Sector

236th out of 259 stocks

Crude Petroleum & Natural Gas Industry

76th out of 80 stocks

PRT stock logo

About PermRock Royalty Trust (NYSE:PRT) Stock

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas. The company was founded in 2017 and is based in Fort Worth, Texas.

PermRock Royalty Trust Price Performance

NYSE:PRT opened at $8.54 on Wednesday. The company has a fifty day simple moving average of $8.61 and a 200 day simple moving average of $8.92. PermRock Royalty Trust has a 12-month low of $6.08 and a 12-month high of $10.88.

PermRock Royalty Trust (NYSE:PRT - Get Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported $0.21 earnings per share for the quarter. PermRock Royalty Trust had a net margin of 84.15% and a return on equity of 9.62%. The company had revenue of $2.79 million during the quarter.

PermRock Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a $0.0907 dividend. This represents a $1.09 annualized dividend and a yield of 12.75%. The ex-dividend date is Thursday, July 28th.

Insider Activity

In related news, major shareholder Boaz Energy Ii, Llc sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $10.02, for a total value of $50,100.00. Following the transaction, the insider now owns 5,776,675 shares of the company's stock, valued at $57,882,283.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 30,000 shares of company stock worth $275,700.

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PRT Stock News Headlines

PermRock Royalty Trust declines 1% to $0.1001
PermRock Royalty Trust declares $0.1011 dividend
PermRock Royalty Trust declares $0.071 dividend
PermRock Royalty Trust cuts dividend by 6% to $0.0661
PermRock Royalty Trust declares $0.0706 dividend
PermRock Royalty Trust goes ex-dividend on Monday
PermRock Royalty Trust declares $0.0446 dividend
PermRock Royalty Trust declares $0.0465 dividend
PermRock Royalty Trust declares $0.0237 dividend
See More Headlines
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PRT 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
8/10/2022
Dividend Payable
8/12/2022
Next Earnings (Estimated)
8/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Profitability

Net Income
$7.37 million
Pretax Margin
93.44%

Debt

Sales & Book Value

Annual Sales
$8.14 million
Cash Flow
$0.62 per share
Book Value
$6.89 per share

Miscellaneous

Free Float
N/A
Market Cap
$104.05 million
Optionable
Not Optionable
Beta
1.29














PRT Stock - Frequently Asked Questions

How have PRT shares performed in 2022?

PermRock Royalty Trust's stock was trading at $7.00 at the beginning of 2022. Since then, PRT shares have increased by 22.0% and is now trading at $8.54.
View the best growth stocks for 2022 here
.

Are investors shorting PermRock Royalty Trust?

PermRock Royalty Trust saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,400 shares, an increase of 138.7% from the June 30th total of 3,100 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
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, August 15th 2022.
View our PRT earnings forecast
.

How were PermRock Royalty Trust's earnings last quarter?

PermRock Royalty Trust (NYSE:PRT) issued its quarterly earnings results on Monday, May, 16th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $2.79 million for the quarter. PermRock Royalty Trust had a trailing twelve-month return on equity of 9.62% and a net margin of 84.15%.

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 Wednesday, July 20th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.0907 per share on Friday, August 12th. This represents a $1.09 annualized dividend and a dividend yield of 12.75%. The ex-dividend date of this dividend is Thursday, July 28th.
Read our dividend analysis for PRT
.

Is PermRock Royalty Trust a good dividend stock?

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $1.09 per share and currently has a dividend yield of 12.69%. PRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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), Brookfield Property Partners (BPY), 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?

(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 acted as the underwriters for the IPO and BB&T Capital Markets and Janney Montgomery Scott were co-managers.

What is PermRock Royalty Trust's stock symbol?

PermRock Royalty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRT."

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

What is PermRock Royalty Trust's stock price today?

One share of PRT stock can currently be purchased for approximately $8.54.

How much money does PermRock Royalty Trust make?

PermRock Royalty Trust (NYSE:PRT) has a market capitalization of $103.93 million and generates $8.14 million in revenue each year.

How many employees does PermRock Royalty Trust have?

The company employs 2,020 workers across the globe.

How can I contact PermRock Royalty Trust?

PermRock Royalty Trust's mailing address is P.O. Box 470727, FORT WORTH TX, 76147. The official website for the company is www.permrock.com. The company can be reached via phone at (855) 588-7839 or via fax at 817-298-5579.

This page (NYSE:PRT) was last updated on 8/10/2022 by MarketBeat.com Staff

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