News coverage about SandRidge Permian Trust (NYSE:PER) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SandRidge Permian Trust earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 45.7048125926042 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Deutsche Bank Cuts Rating On MGM Resorts International (MGM) To “Hold” (famososartistas.com)
- MGM Resorts International (NYSE:MGM) Experiences Heavier than Average Trading Volume (noomag.com)
- Analyst’s Hold rated Stock: SandRidge Permian Trust (PER) – Street Observer (press release) (streetobserver.com)
- EnerJex Resources, Inc. (ENRJ) noted a price change of -4.69% and SandRidge Permian Trust (PER) – Stocks Gallery (stocksgallery.com)
- Notable Institutional Stake In: SandRidge Permian Trust (NYSE:PER), Datawatch Corporation (NASDAQ:DWCH) – Wallstreet Investorplace (wallstreetinvestorplace.com)
SandRidge Permian Trust (NYSE:PER) remained flat at $2.75 during mid-day trading on Wednesday. 10,663 shares of the company’s stock were exchanged. The stock has a market cap of $144.38 million, a price-to-earnings ratio of 5.91 and a beta of 0.71. SandRidge Permian Trust has a 52 week low of $2.56 and a 52 week high of $4.00. The stock has a 50-day moving average of $2.85 and a 200 day moving average of $2.97.
SandRidge Permian Trust (NYSE:PER) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas producer reported $0.13 EPS for the quarter. The company had revenue of $7.84 million for the quarter. SandRidge Permian Trust had a return on equity of 19.14% and a net margin of 88.64%. Equities analysts expect that SandRidge Permian Trust will post $2.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were given a $0.119 dividend. This represents a $0.48 annualized dividend and a yield of 17.31%. The ex-dividend date was Wednesday, August 9th. SandRidge Permian Trust’s dividend payout ratio (DPR) is presently 96.00%.
About SandRidge Permian Trust
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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