The stock of Permian Basin Royalty Trust (PBT, Financial) experienced a notable increase of 5.10%. The current trading price is $13.82 per share, with a trading volume of 221,261 shares and a turnover rate of 0.47%. The stock's amplitude is recorded at 4.68%.
Recent financial reports indicate that Permian Basin Royalty Trust achieved a revenue of $8.42 million and a net profit of $8.05 million, resulting in an earnings per share (EPS) of $0.17. The price-to-earnings (P/E) ratio stands at 17.69. Currently, there are no institutional ratings available for this stock regarding buy, hold, or sell recommendations.
Within the oil and gas midstream industry, the overall increase is 1.98%. Notable performers in this sector include DT Midstream, Inc., Permian Basin Royalty Trust (PBT, Financial), and Energy Transfer LP. Additionally, Cool Company Ltd., Torm Plc, and Dorian LPG Ltd. showed significant activity with turnover rates of 3.55%, 1.87%, and 1.36%, respectively. Brooge Energy Limited, Cool Company Ltd., and CBL International Limited exhibited high amplitude, with fluctuations of 9.63%, 7.57%, and 6.44%, respectively.
Permian Basin Royalty Trust is a statutory trust with assets including Waddell Ranch Properties. It holds mineral rights and royalty interests in mature oil fields such as Yates, Wasson, and Sand Hills, among others in Texas. The company primarily earns revenue through royalties from these properties.
