The share price of Permian Basin Royalty Trust (PBT, Financial) experienced a notable increase of 5%. The stock is currently priced at $11.54 per share, with a trading volume of 124,285 shares, a turnover rate of 0.27%, and a price fluctuation of 3.82%.
Recent financial results reveal that the company achieved operating revenue of $8.83 million and a net profit of $8.44 million, translating to an earnings per share (EPS) of $0.18. The company currently has a price-to-earnings (P/E) ratio of 17.16. No institutional ratings or recommendations have been issued for PBT shares.
Within the oil and gas midstream sector, where PBT is listed, the overall growth rate is 1.02%. Other significant movers in this sector include Brooge Energy Limited, Excelerate Energy, Inc., and PBT itself. Active stocks with notable turnover rates include BPT Trust, Torm Plc, and Dorian LPG Ltd. Additionally, Brooge Energy Limited, BPT Trust, and Excelerate Energy, Inc. have shown significant stock price fluctuations.
Permian Basin Royalty Trust is an express trust company whose assets include mineral and royalty interests in various oil fields, such as Waddell Ranch Properties and others in Texas. The company primarily earns revenue from royalty interests from these properties.
