may delivered a positive earnings surprise Permian Basin Royalty Trust (NYSE:PBT)

Earnings results for Permian Basin Royalty Trust (NYSE:PBT)

Permian Basin Royalty Trust is estimated to report earnings on 08/16/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.04.

Permian Basin Royalty Trust last issued its quarterly earnings results on May 17th, 2021. The oil and gas producer reported $0.04 earnings per share for the quarter. The firm had revenue of $2.13 million for the quarter. Permian Basin Royalty Trust has generated $0.00 earnings per share over the last year and currently has a price-to-earnings ratio of 17.4. Permian Basin Royalty Trust has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 16th, 2021 based off prior year’s report dates.

Analyst Opinion on Permian Basin Royalty Trust (NYSE:PBT)

Dividend Strength: Permian Basin Royalty Trust (NYSE:PBT)

Permian Basin Royalty Trust is a leading dividend payer. It pays a dividend yield of 4.76%, putting its dividend yield in the top 25% of dividend-paying stocks. Permian Basin Royalty Trust has only been increasing its dividend for 1 years.

Insiders buying/selling: Permian Basin Royalty Trust (NYSE:PBT)

In the past three months, Permian Basin Royalty Trust insiders have not sold or bought any company stock. Only 9.91% of the stock of Permian Basin Royalty Trust is held by institutions.

Earnings and Valuation of Permian Basin Royalty Trust (NYSE:PBT

The P/E ratio of Permian Basin Royalty Trust is 17.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.61. The P/E ratio of Permian Basin Royalty Trust is 17.35, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 22.00. Permian Basin Royalty Trust has a P/B Ratio of 532.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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