SandRidge Permian Trust (NYSE:PER) announced its quarterly earnings results on Tuesday. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $7.84 million during the quarter. SandRidge Permian Trust had a return on equity of 18.36% and a net margin of 87.40%.

Shares of SandRidge Permian Trust (PER) traded down 1.72% during mid-day trading on Thursday, hitting $2.85. The stock had a trading volume of 256,488 shares. SandRidge Permian Trust has a 12-month low of $2.51 and a 12-month high of $4.00. The firm’s 50-day moving average price is $2.93 and its 200 day moving average price is $3.08. The stock has a market cap of $149.63 million, a price-to-earnings ratio of 6.13 and a beta of 0.71.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.119 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.48 annualized dividend and a dividend yield of 16.70%. SandRidge Permian Trust’s dividend payout ratio (DPR) is 113.04%.

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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.

Earnings History for SandRidge Permian Trust (NYSE:PER)

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