Permian Basin Royalty Trust (NYSE: PBT) has reported earnings for its first fiscal quarter (ending March 31) of $0.12 versus $0.10 for the same period a year ago — an increase of 20%. E.P.S. were $0.62 for the latest four quarters through March 31 versus $1.17 for the same period a year ago — a decline of -47%.
Recent Price Action
Permian Basin Royalty Trust (NYSE: PBT) stock closed at $12.41 on 5/9/24 after a modest gain of 0.5%. However, exceptionally low trading volume at 44% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 8.3% 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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