PermRock Royalty Trust - PRT Stock Forecast, Price & News

PermRock Royalty Trust's stock was trading at $7.71 at the start of the year. Since then, PRT shares have increased by 1.7% and is now trading at $7.84.
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PermRock Royalty Trust saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 29,600 shares, an increase of 261.0% from the December 15th total of 8,200 shares. Based on an average trading volume of 54,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.
View PermRock Royalty Trust's Short Interest.

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

PermRock Royalty Trust (NYSE:PRT) posted its quarterly earnings results on Monday, November, 14th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $3.54 million for the quarter. PermRock Royalty Trust had a trailing twelve-month return on equity of 12.88% and a net margin of 86.79%.

PermRock Royalty Trust declared a monthly dividend on Friday, January 20th. Shareholders of record on Tuesday, January 31st will be paid a dividend of $0.071 per share on Tuesday, February 14th. This represents a $0.85 annualized dividend and a dividend yield of 10.87%. The ex-dividend date of this dividend is Monday, January 30th.
Read our dividend analysis for PRT.

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $0.97 per share and currently has a dividend yield of 12.56%. 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.

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).

(PRT) raised $126 million in an initial public offering on Wednesday, May 2nd 2018. The company issued 6,300,000 shares at $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.

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

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.
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One share of PRT stock can currently be purchased for approximately $7.84.

PermRock Royalty Trust (NYSE:PRT) has a market capitalization of $95.38 million and generates $8.14 million in revenue each year.

The company employs 2,020 workers across the globe.

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.