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

Permian Basin Royalty Trust (NYSE:PBT) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Permian Basin Royalty Trust (NYSE PBT) opened at 7.91 on Wednesday. The firm has a market cap of $368.67 million, a PE ratio of 12.48 and a beta of 0.59. Permian Basin Royalty Trust has a 52 week low of $6.65 and a 52 week high of $10.30. The stock has a 50 day moving average of $8.88 and a 200-day moving average of $9.27.

Permian Basin Royalty Trust (NYSE:PBT) last posted its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share for the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%. The company had revenue of $7.48 million during the quarter.

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Large investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in Permian Basin Royalty Trust by 8.3% in the second quarter. Advisory Services Network LLC now owns 21,243 shares of the oil and gas producer’s stock worth $185,000 after buying an additional 1,637 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Permian Basin Royalty Trust during the second quarter worth $912,000. Hillsdale Investment Management Inc. purchased a new stake in Permian Basin Royalty Trust during the second quarter worth $265,000. Hancock Holding Co. purchased a new stake in Permian Basin Royalty Trust during the second quarter worth $182,000. Finally, Wells Fargo & Company MN increased its stake in Permian Basin Royalty Trust by 9.1% in the second quarter. Wells Fargo & Company MN now owns 86,483 shares of the oil and gas producer’s stock worth $752,000 after buying an additional 7,219 shares in the last quarter. 10.01% of the stock is owned by institutional investors.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

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