Media stories about SandRidge Permian Trust (NYSE:PER) have been trending very positive on Saturday, Alpha One Sentiment Analysis reports. The research group, a unit of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SandRidge Permian Trust earned a news impact score of 0.52 on Alpha One’s scale. Alpha One also assigned media headlines about the oil and gas producer an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Shares of SandRidge Permian Trust (PER) opened at 2.875 on Friday. SandRidge Permian Trust has a 52-week low of $2.36 and a 52-week high of $4.00. The stock has a market capitalization of $150.94 million, a PE ratio of 6.183 and a beta of 0.71. The stock has a 50 day moving average of $3.03 and a 200 day moving average of $3.12.
The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 18.09%. SandRidge Permian Trust’s dividend payout ratio is presently 113.04%.
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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.
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