On 3/4/24, Permian Basin Royalty Trust (NYSE: PBT) stock suffered a major decline of -16.5%, closing at $11.16. Moreover, this decline was accompanied by exceptionally high trading volume at 462% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, PBT is expected to be a major Value Eraser.
Permian Basin Royalty Trust is currently unrated.
Rating Review
The stock is currently unrated.
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