SandRidge Permian Trust (PER) Upgraded at ValuEngine
SandRidge Permian Trust (NYSE:PER) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
SandRidge Permian Trust (NYSE PER) traded up $0.02 during mid-day trading on Friday, hitting $2.68. The stock had a trading volume of 88,383 shares, compared to its average volume of 154,941. The firm has a market capitalization of $139.13, a P/E ratio of 5.30 and a beta of 0.70. SandRidge Permian Trust has a 1-year low of $2.65 and a 1-year high of $4.00.
Several hedge funds have recently bought and sold shares of the company. Csenge Advisory Group acquired a new stake in shares of SandRidge Permian Trust during the third quarter worth $394,000. Susquehanna International Group LLP lifted its holdings in shares of SandRidge Permian Trust by 144.3% during the third quarter. Susquehanna International Group LLP now owns 52,964 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 31,280 shares during the period. Virtu KCG Holdings LLC lifted its holdings in shares of SandRidge Permian Trust by 92.8% during the second quarter. Virtu KCG Holdings LLC now owns 51,282 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 24,690 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of SandRidge Permian Trust during the second quarter worth $131,000. 4.27% of the stock is owned by institutional investors and hedge funds.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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