Sabine Royalty Trust (NYSE:SBR) Releases Earnings Results

Sabine Royalty Trust (NYSE:SBR) issued its quarterly earnings results on Wednesday. The energy company reported $0.68 earnings per share for the quarter, Bloomberg Earnings reports. Sabine Royalty Trust had a return on equity of 932.75% and a net margin of 95.37%. The business had revenue of $10.50 million for the quarter.

NYSE SBR traded down $0.26 on Friday, reaching $43.92. The stock had a trading volume of 10,618 shares, compared to its average volume of 18,892. The firm has a 50 day simple moving average of $46.67. Sabine Royalty Trust has a 1 year low of $30.27 and a 1 year high of $52.59. The company has a market capitalization of $640.35 million, a P/E ratio of 12.20 and a beta of 0.51.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.229 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.75 dividend on an annualized basis and a yield of 6.26%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.

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Earnings History for Sabine Royalty Trust (NYSE:SBR)

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