PermRock Royalty Trust (NYSE:PRT – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.11 earnings per share (EPS) for the quarter, Zacks reports. PermRock Royalty Trust had a return on equity of 6.93% and a net margin of 85.33%.
PermRock Royalty Trust Price Performance
Shares of NYSE:PRT opened at $4.33 on Friday. The company has a market capitalization of $52.67 million, a P/E ratio of 10.31 and a beta of 0.95. PermRock Royalty Trust has a 1 year low of $3.26 and a 1 year high of $4.63. The business’s 50 day simple moving average is $4.21 and its 200 day simple moving average is $3.99.
PermRock Royalty Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.04 dividend. 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 dividend payout ratio is currently 114.29%.
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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