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Friday, September 29, 2023

It’s Not Over Yet For Permian Basin Royalty Trust (NYSE: PBT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Permian Basin Royalty Trust (PBT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.28, or 1.32%, to $21.42. The Permian Basin Royalty Trust has recorded 108 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PERMIAN BASIN ROYALTY TRUST ANNOUNCES AUGUST CASH DISTRIBUTION.

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Stocks Info

Permian Basin Royalty Trust is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $21.14 and fluctuated between $21.42 as its day high and $20.02 as its day low. The current market capitalization of Permian Basin Royalty Trust is $955.11M. A total of 0.23 million shares were traded on the day, compared to an average of 122.33K shares.






It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Permian Basin Royalty Trust pays an annual dividend of $0.82, resulting in a dividend yield of 3.89%, and it has a price to earnings (P/E) ratio of 18.61. PBT’s most recent ex-dividend date was 8/30/2023 when it declared a $0.0250 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 8/14/2023 with an ex-dividend date of 7/28/2023. The PBT stock dividend was $0.0217 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PBT in the last 3 months, the mean price target is $13.00 with high estimates of $13.00 and low estimates of $13.00. In terms of 52-week highs and lows, PBT has a high of $27.77 and a low of $14.82.

As of this writing, PBT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PBT’s latest balance sheet shows that the firm has $2.25M in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.00, while its Total Shareholder’s Equity was $352.69k.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock.

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