Somewhat Positive News Coverage Somewhat Unlikely to Affect Permian Basin Royalty Trust (PBT) Stock Price

News headlines about Permian Basin Royalty Trust (NYSE:PBT) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Permian Basin Royalty Trust earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 42.9591850291603 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Permian Basin Royalty Trust (PBT) opened at $9.04 on Wednesday. The company has a market capitalization of $418.08, a P/E ratio of 14.24 and a beta of 0.64. Permian Basin Royalty Trust has a 12-month low of $7.23 and a 12-month high of $10.30.

The business also recently announced a monthly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Wednesday, November 29th. Permian Basin Royalty Trust’s payout ratio is currently 96.83%.

Separately, BidaskClub lowered Permian Basin Royalty Trust from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th.

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Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

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