Sabine Royalty Trust (NYSE:SBR) Announces Earnings Results

Sabine Royalty Trust (NYSE:SBR) posted its earnings results on Thursday. The energy company reported $1.27 earnings per share for the quarter, Zacks reports. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

Sabine Royalty Trust Trading Down 2.9 %

Shares of NYSE:SBR traded down $1.93 during trading on Thursday, hitting $64.60. 189,407 shares of the company were exchanged, compared to its average volume of 41,545. The stock has a market cap of $941.80 million, a price-to-earnings ratio of 9.95 and a beta of 0.48. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $70.20. The firm has a fifty day moving average price of $66.36 and a two-hundred day moving average price of $63.77.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.4395 dividend. This represents a $5.27 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s payout ratio is currently 81.20%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, February 10th.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.