PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties comprising 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas. The company was founded in 2017 and is based in Fort Worth, Texas.
IPO Year: 2018
Exchange: NYSE
Website: permrock.com
8-K - PermRock Royalty Trust (0001724009) (Filer)
10-Q - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
10-Q - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
8-K - PermRock Royalty Trust (0001724009) (Filer)
10-Q - PermRock Royalty Trust (0001724009) (Filer)
FORT WORTH, Texas, May 5, 2022 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today announced that, at a special meeting of the Trust's unitholders held May 4, 2022, the unitholders of the Trust voted to approve the proposals set forth in the Trust's definitive proxy statement, including the appointment of Argent Trust Company as successor trustee to serve as trustee of the Trust once the resignation of Simmons Bank, the current Trustee of the Trust, takes effect and approval of related amendments to the Trust Agreement of the Trust. The effective date of the Trustee's resignation will depend on the satisfaction or waiver of the conditions set forth in the Trustee's notice o
FORT WORTH, Texas, April 6, 2022 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) today announced that the Special Meeting of the Trust's unitholders scheduled for April 5, 2022 for the purpose of obtaining approval of the appointment of Argent Trust Company as successor trustee of the Trust, was adjourned to permit the solicitation of additional proxies in favor of the proposals. The Special Meeting has been adjourned until Wednesday, May 4, 2022 at 1:00 p.m., Central Time, at Shady Oaks Country Club, 320 Roaring Springs Road, Fort Worth, TX 76114. The Trust's proxy materials, which were previously filed and mailed to the unitholders on or about February 11, 2022, remain unchanged. The
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DALLAS, Nov. 18, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of November 29, 2024, and payable on December 13, 2024, in the amount of $368,269.31 ($0.030271 per Trust Unit), based principally upon production during the month of September 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (
DALLAS, Oct. 21, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of October 31, 2024, and payable on November 15, 2024, in the amount of $367,645.06 ($0.030219 per Trust Unit), based principally upon production during the month of August 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per
DALLAS, Sept. 20, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of September 30, 2024, and payable on October 15, 2024, in the amount of $365,300.26 ($0.030026 per Trust Unit), based principally upon production during the month of July 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per
DALLAS, Aug. 20, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of August 30, 2024, and payable on September 16, 2024, in the amount of $488,593.20 ($0.040161 per Trust Unit), based principally upon production during the month of June 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bb
DALLAS, July 19, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of July 31, 2024, and payable on August 14, 2024, in the amount of $486,890.73 ($0.040021 per Trust Unit), based principally upon production during the month of May 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (pe
DALLAS, June 17, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of June 28, 2024, and payable on July 15, 2024, in the amount of $486,630.74 ($0.040000 per Trust Unit), based principally upon production during the month of April 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (p
DALLAS, May 20, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of May 31, 2024, and payable on June 14, 2024, in the amount of $490,223.49 ($0.040295 per Trust Unit), based principally upon production during the month of March 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (per
DALLAS, April 19, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of April 30, 2024, and payable on May 14, 2024, in the amount of $373,183.26 ($0.030674 per Trust Unit), based principally upon production during the month of February 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl)
DALLAS, March 18, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of March 28, 2024, and payable on April 12, 2024, in the amount of $279,468.85 ($0.022971 per Trust Unit), based principally upon production during the month of January 2024. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per B
DALLAS, Feb. 16, 2024 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of February 29, 2024, and payable on March 14, 2024, in the amount of $422,639.42 ($0.034740 per Trust Unit), based principally upon production during the month of December 2023. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per
PermRock Royalty Trust (NYSE:PRT) reported quarterly earnings of $0.11 per share. This is a 57.69 percent decrease over earnings of $0.26 per share from the same period last year. The company reported $1.50 million in sales this quarter. This is a 55.45 percent decrease over sales of $3.36 million the same period last year.
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the energy sector: SandRidge Energy (NYSE:SD) - P/E: 3.24 BP Prudhoe Bay (NYSE:BPT) - P/E: 2.85 PermRock Royalty Trust (NYSE:PRT) - P/E: 6.96 GeoPark (NYSE:GPRK) - P/E: 3.75 International Seaways (NYSE:INSW) -
Friday marks the last chance for investors to receive the next dividend payout from PermRock Royalty Trust (NYSE:PRT). What's Happening The company announced on Friday that it would pay shareholders a monthly dividend of 4.08 cents per share. On Monday, PermRock Royalty Trust will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 4.08 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own PRT as of the end of Friday's session are eligible to receive the 4.08 cent
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the energy sector: Riley Exploration Permian (AMEX:REPX) - P/E: 4.5 CNX Resources (NYSE:CNX) - P/E: 2.38 TotalEnergies (NYSE:TTE) - P/E: 6.98 Imperial Ptrl (NASDAQ:IMPP) - P/E: 0.09 PermRock Royalty Trust (NYSE:PRT) - P/E: 5.65 Riley Exploration Permian saw a decrease in earnings per share from 1.36 in Q4 to $1.26 now. Most recently, the com
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