Permian Basin Royalty Trust (PBT, Financial) recently experienced a significant stock price decline of 5.18%, trading at $11.72 per share with a trading volume of 93,233 shares and a turnover rate of 0.20%. The price fluctuation was recorded at 4.87%.
Financial reports indicate that PBT achieved a revenue of $8.83 million and a net profit of $8.44 million, with earnings per share of $0.18. The price-to-earnings ratio stands at 17.60. Currently, there are no institutional ratings or recommendations available for the stock.
Within the midstream oil and gas industry, the sector saw an overall decline of 1.30%. Other notable fluctuations in related stocks include Cbl International Limited and South Bow Corporation, with price swings of 19.24% and 18.75% respectively, while BPT Trust saw an 8.76% change.
Permian Basin Royalty Trust is a statutory trust with primary assets including Waddell Ranch Properties. The trust holds mineral interests and entitlements to royalties from mature oil fields. Its revenue is mostly derived from royalties obtained from these properties, such as Yates, Wasson, and others located in Texas.
