ValuEngine upgraded shares of SandRidge Permian Trust (NYSE:PER) from a hold rating to a buy rating in a research report report published on Friday.
SandRidge Permian Trust (NYSE:PER) traded down $0.02 during mid-day trading on Friday, reaching $2.65. The company’s stock had a trading volume of 160,000 shares, compared to its average volume of 179,464. The company has a market capitalization of $140.44, a PE ratio of 5.35 and a beta of 0.70. SandRidge Permian Trust has a 12 month low of $2.65 and a 12 month high of $4.00.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 14.34%. The ex-dividend date of this dividend was Thursday, November 9th. SandRidge Permian Trust’s payout ratio is 76.00%.
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SandRidge Permian Trust Company Profile
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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