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NYSE:PRT

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

$3.83
+0.02 (+0.52%)
(As of 05/28/2024 ET)
Today's Range
$3.78
$3.84
50-Day Range
$3.75
$4.39
52-Week Range
$3.65
$6.99
Volume
80,653 shs
Average Volume
44,365 shs
Market Capitalization
$46.61 million
P/E Ratio
9.12
Dividend Yield
9.66%
Price Target
N/A
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

PermRock Royalty Trust (PRT)
PermRock Royalty Trust Declares Monthly Cash Distribution
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 5/14 Dividend
4/29/2024
Last Earnings
5/14/2024
Dividend Payable
5/14/2024
Today
5/28/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
Employees
2,020
Year Founded
N/A

Profitability

Net Income
$6.26 million
Pretax Margin
108.09%

Debt

Sales & Book Value

Annual Sales
$7.19 million
Cash Flow
$0.52 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
N/A
Market Cap
$46.73 million
Optionable
Not Optionable
Beta
0.92
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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 beginning of the year. Since then, PRT stock has decreased by 13.4% and is now trading at $3.8299.
View the best growth stocks for 2024 here
.

Are investors shorting PermRock Royalty Trust?

PermRock Royalty Trust saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 18,500 shares, a decrease of 20.9% from the April 30th total of 23,400 shares. Based on an average trading volume of 46,700 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% 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 12th 2024.
View our PRT earnings forecast
.

How were PermRock Royalty Trust's earnings last quarter?

PermRock Royalty Trust (NYSE:PRT) released its quarterly earnings results on Tuesday, May, 14th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.31 million for the quarter. PermRock Royalty Trust had a trailing twelve-month return on equity of 6.74% and a net margin of 84.70%.

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 Monday, May 20th. Investors of record on Friday, May 31st will be paid a dividend of $0.04 per share on Friday, June 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.53%. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from the stock's previous monthly dividend of $0.03.
Read our dividend analysis for PRT
.

Is PermRock Royalty Trust a good dividend stock?

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 9.66%. PRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.10%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 IPO 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 acted 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 5/28/2024 by MarketBeat.com Staff

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