Permian Basin Royalty Trust (PBT) Earning Somewhat Favorable News Coverage, Report Shows

News coverage about Permian Basin Royalty Trust (NYSE:PBT) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Permian Basin Royalty Trust earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 46.4412107736168 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Separately, TheStreet upgraded shares of Permian Basin Royalty Trust from a “c” rating to a “b” rating in a report on Thursday, April 19th.

Permian Basin Royalty Trust stock opened at $10.08 on Friday. Permian Basin Royalty Trust has a 12 month low of $9.86 and a 12 month high of $9.92. The firm has a market cap of $462.83 million, a PE ratio of 15.52 and a beta of 0.51.

The business also recently declared a monthly dividend, which was paid on Monday, May 14th. Stockholders of record on Monday, April 30th were issued a dividend of $0.0522 per share. This represents a $0.63 annualized dividend and a dividend yield of 6.21%. The ex-dividend date was Friday, April 27th.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.

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