Somewhat Favorable Press Coverage Somewhat Unlikely to Affect SandRidge Permian Trust (PER) Stock Price
Headlines about SandRidge Permian Trust (NYSE:PER) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SandRidge Permian Trust earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 44.9750979738373 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SandRidge Permian Trust (NYSE PER) opened at $2.40 on Friday. The company has a market cap of $131.25, a PE ratio of 5.00 and a beta of 0.70. SandRidge Permian Trust has a one year low of $2.30 and a one year high of $4.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 15.83%. The ex-dividend date was Thursday, November 9th. SandRidge Permian Trust’s dividend payout ratio is 76.00%.
Separately, ValuEngine upgraded shares of SandRidge Permian Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
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About SandRidge Permian Trust
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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