Permian Basin Royalty Trust (NYSE:PBT) Getting Somewhat Favorable News Coverage, Study Finds

Press coverage about Permian Basin Royalty Trust (NYSE:PBT) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Permian Basin Royalty Trust earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 46.159317915484 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.

Separately, TheStreet raised Permian Basin Royalty Trust from a “c” rating to a “b” rating in a research report on Thursday, April 19th.

Shares of PBT opened at $10.03 on Friday. Permian Basin Royalty Trust has a one year low of $7.80 and a one year high of $10.30. The stock has a market cap of $467.49 million, a price-to-earnings ratio of 15.67 and a beta of 0.51.

The company also recently declared a monthly dividend, which was paid on Monday, May 14th. Shareholders of record on Monday, April 30th were given a dividend of $0.0522 per share. The ex-dividend date of this dividend was Friday, April 27th. This represents a $0.63 dividend on an annualized basis and a yield of 6.24%.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.

Insider Buying and Selling by Quarter for Permian Basin Royalty Trust (NYSE:PBT)

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