PermRock Royalty Trust (NYSE:PRT) Posts Earnings Results

PermRock Royalty Trust (NYSE:PRT) 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 traded down $0.00 on Friday, hitting $4.33. The company’s stock had a trading volume of 34,970 shares, compared to its average volume of 48,941. The stock has a 50 day moving average of $4.21 and a 200-day moving average of $3.99. The company has a market capitalization of $52.67 million, a price-to-earnings ratio of 10.31 and a beta of 0.95. PermRock Royalty Trust has a 12-month low of $3.26 and a 12-month high of $4.63.

PermRock Royalty Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 11.09%. The ex-dividend date of this dividend is Monday, March 31st. PermRock Royalty Trust’s 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.