SandRidge Permian Trust (NYSE:PER) Stock Passes Above Two Hundred Day Moving Average of $0.00

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SandRidge Permian Trust (NYSE:PER) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.75. SandRidge Permian Trust shares last traded at $1.72, with a volume of 1,200 shares traded.

The stock has a 50 day moving average of $1.82. The stock has a market capitalization of $91.09 million, a price-to-earnings ratio of 3.60 and a beta of 1.22.

SandRidge Permian Trust (NYSE:PER) last announced its quarterly earnings data on Thursday, May 9th. The oil and gas producer reported $0.10 earnings per share for the quarter. SandRidge Permian Trust had a return on equity of 20.80% and a net margin of 83.50%. The firm had revenue of $6.26 million during the quarter.

A hedge fund recently bought a new stake in SandRidge Permian Trust stock. M Holdings Securities Inc. acquired a new stake in SandRidge Permian Trust (NYSE:PER) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 18,200 shares of the oil and gas producer’s stock, valued at approximately $34,000. 3.33% of the stock is currently owned by institutional investors and hedge funds.

About SandRidge Permian Trust (NYSE:PER)

SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.

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