PermRock Royalty Trust (NYSE:PRT – Get Free Report) fell 3.7% on Friday . The stock traded as low as $2.02 and last traded at $2.06. Approximately 33,911 shares were traded during mid-day trading, an increase of 51% from the average session volume of 22,501 shares. The stock had previously closed at $2.14.
PermRock Royalty Trust Stock Performance
The business has a 50 day simple moving average of $2.21 and a 200-day simple moving average of $2.58. The firm has a market cap of $25.07 million, a price-to-earnings ratio of 8.96 and a beta of 0.41.
PermRock Royalty Trust (NYSE:PRT – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $0.71 million during the quarter, compared to the consensus estimate of $4.93 million. PermRock Royalty Trust had a net margin of 77.46% and a return on equity of 7.72%.
PermRock Royalty Trust Cuts Dividend
Institutional Trading of PermRock Royalty Trust
A hedge fund recently bought a new stake in PermRock Royalty Trust stock. Jane Street Group LLC purchased a new stake in shares of PermRock Royalty Trust (NYSE:PRT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,023 shares of the company’s stock, valued at approximately $53,000. Jane Street Group LLC owned approximately 0.16% of PermRock Royalty Trust at the end of the most recent reporting period. Institutional investors own 41.67% of the company’s stock.
PermRock Royalty Trust Company Profile
PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.
The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.
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