The stock of Permian Basin Royalty Trust (PBT, Financial) recently experienced significant volatility, with its price soaring by 5.17%. The stock is currently priced at $11.97 per share, with a trading volume of 73,013 shares and a turnover rate of 0.16%. It has recorded a price fluctuation amplitude of 5.22%.
The latest financial report indicates that PBT generated a revenue of $8.83 million and a net profit of $8.44 million, translating to earnings per share of $0.18. The stock has a price-to-earnings ratio of 17.83. As of now, there are no institutional recommendations for buying, holding, or selling.
Within the midstream oil and gas industry sector, where PBT operates, the overall increase was 0.71%. Alongside PBT, significant gainers included Kinder Morgan and BPT Trust. Other active stocks in this sector were Marine Petroleum Trust, Targa Resources, Inc., and Scorpio Tankers Inc., with turnover rates of 0.57%, 0.55%, and 0.53%, respectively. Stocks with notable volatility included Cbl International Limited, Brooge Energy Limited, and BPT Trust, showing amplitude fluctuations of 12.49%, 7.62%, and 6.45% respectively.
Permian Basin Royalty Trust is a prominent express trust company with assets primarily in Waddell Ranch Properties. The trust holds mineral rights and royalty interests in mature oil fields such as Yates, Wasson, and others across Texas. The company's main revenue source is royalties obtained from these properties.
