Permian Basin Royalty Trust (PBT) Stock Rating Lowered by BidaskClub

Cornelia Mascio
Agosto 13, 2017

Permian Basin Royalty Trust (NYSE:PBT) was downgraded by equities researchers at BidaskClub from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday, August 1st. Accern also assigned media stories about the oil and gas producer an impact score of 46.9409783925354 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. The firm had revenue of $7.48 million for the quarter. Citadel Advsrs Ltd Liability Corp owns 0% invested in Permian Basin Royalty Trust (NYSE:PBT) for 57,076 shares. This company shares are 185.52% off its target price of $20.5 and the current market capitalization stands at $334.66M. Permian Basin Royalty Trust has a 1-year low of $6.65 and a 1-year high of $10.30. Investors of record on Monday, July 31st will be given a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.49 annualized dividend and a dividend yield of 5.79%.

Mcdaniel Terry & Co holds 0.89% of its portfolio in San Juan Basin Royalty Trust for 647,452 shares.

Hedge funds have recently made changes to their positions in the stock.

San Juan Basin Royalty Trust (NYSE:SJT) last announced its quarterly earnings results on Wednesday, August 9th. The fund owned 22,000 shares of the oil and gas producer's stock after buying an additional 1,000 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of San Juan Basin Royalty Trust by 4.8% in the second quarter. IL now owns 21,000 shares of the oil and gas producer's stock worth $183,000 after buying an additional 2,500 shares during the last quarter. Retail Bank Of America Corporation De holds 0% of its portfolio in Permian Basin Royalty Trust (NYSE:PBT) for 125,935 shares. Cibc World Markets Inc. trimmed its position by selling 54,250 shares a decrease of 33.3% in the quarter.

Wells Fargo & Company/mn added to its position by buying 1,067 shares an increase of 12.0% from 03/31/2017 to 06/30/2017. Moreover, Lapides Asset Management Llc has 1.04% invested in the company for 491,300 shares.

Several research analysts have recently commented on the stock. TheStreet upgraded San Juan Basin Royalty Trust from a "c" rating to a "b-" rating in a report on Wednesday, May 31st.

ILLEGAL ACTIVITY WARNING: "Permian Basin Royalty Trust (NYSE:PBT) Receives Daily News Impact Score of 0.02" was first posted by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of USA & global trademark & copyright law. The Company's Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP, in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).

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