PermRock Royalty Trust (NYSE:PRT) Announces Earnings Results

PermRock Royalty Trust (NYSE:PRT) released its earnings results on Friday. The company reported $0.11 EPS for the quarter, Zacks reports. PermRock Royalty Trust had a net margin of 85.33% and a return on equity of 6.93%.

PermRock Royalty Trust Stock Performance

Shares of PRT stock traded down $0.00 during mid-day trading on Friday, hitting $4.33. 34,970 shares of the stock traded hands, compared to its average volume of 59,206. PermRock Royalty Trust has a twelve month low of $3.26 and a twelve month high of $4.63. The company’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $3.99. The firm has a market cap of $52.67 million, a price-to-earnings ratio of 10.31 and a beta of 0.95.

PermRock Royalty Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date is Monday, March 31st. PermRock Royalty Trust’s payout ratio is currently 114.29%.

PermRock Royalty Trust Company Profile

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.