PermRock Royalty Trust (NYSE:PRT – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.09 EPS for the quarter, Zacks reports. The business had revenue of $1.26 million during the quarter. PermRock Royalty Trust had a net margin of 84.81% and a return on equity of 7.46%.
PermRock Royalty Trust Price Performance
PermRock Royalty Trust stock traded up $0.08 during trading hours on Friday, hitting $3.89. 6,810 shares of the stock traded hands, compared to its average volume of 38,909. PermRock Royalty Trust has a 1 year low of $3.26 and a 1 year high of $4.63. The stock has a market capitalization of $47.33 million, a price-to-earnings ratio of 8.84 and a beta of 1.13. The firm’s 50 day moving average price is $3.90 and its 200-day moving average price is $3.96.
PermRock Royalty Trust Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.0316 per share. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Friday, October 31st. This is a boost from PermRock Royalty Trust’s previous monthly dividend of $0.03. PermRock Royalty Trust’s dividend payout ratio (DPR) is presently 84.09%.
About PermRock Royalty Trust
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.
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