Media stories about SandRidge Permian Trust (NYSE:PER) have been trending somewhat positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SandRidge Permian Trust earned a news sentiment score of 0.24 on Alpha One’s scale. Alpha One also assigned media stories about the oil and gas producer an impact score of 88 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the near future.
SandRidge Permian Trust (NYSE:PER) traded down 1.72% during midday trading on Tuesday, reaching $2.85. The company’s stock had a trading volume of 37,250 shares. The firm has a 50 day moving average price of $3.02 and a 200-day moving average price of $3.12. The company has a market cap of $149.63 million, a P/E ratio of 6.13 and a beta of 0.71. SandRidge Permian Trust has a 12-month low of $2.34 and a 12-month high of $4.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.52 annualized dividend and a yield of 17.93%. This is a positive change from SandRidge Permian Trust’s previous quarterly dividend of $0.12. SandRidge Permian Trust’s dividend payout ratio (DPR) is 113.04%.
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SandRidge Permian Trust Company Profile
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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