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SandRidge Permian Trust (NYSE:PER) shares hit a new 52-week low during mid-day trading on Tuesday , Stock Ratings News reports. The company traded as low as $11.46 and last traded at $11.48, with a volume of 226,228 shares changing hands. The stock had previously closed at $11.54.

Separately, analysts at Raymond James downgraded shares of SandRidge Permian Trust from an “outperform” rating to a “market perform” rating in a research note on Monday, June 23rd.

The stock’s 50-day moving average is $12.58 and its 200-day moving average is $12.4. The company has a market cap of $599.0 million and a price-to-earnings ratio of 4.73.

SandRidge Permian Trust (NYSE:PER) last released its earnings data on Monday, August 4th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. Analysts expect that SandRidge Permian Trust will post $2.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.632 per share. This represents a $2.53 dividend on an annualized basis and a yield of 22.16%. The ex-dividend date of this dividend is Tuesday, August 12th. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.61.

SandRidge Permian Trust (NYSE:PER) is a trust formed by SandRidge Energy, Inc (SandRidge) to own royalty interests in 509 developed oil and natural gas wells located in Andrews County, Texas (the Producing Wells), and 888 oil and natural gas development wells to be drilled (the Development Wells) within an Area of Mutual Interest (AMI).

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