Sabine Royalty Trust (NYSE:SBR) issued its quarterly earnings results on Wednesday. The energy company reported $0.54 EPS for the quarter, Bloomberg Earningsreports. The business had revenue of $8.58 million for the quarter. Sabine Royalty Trust had a net margin of 92.76% and a return on equity of 665.18%.
Shares of Sabine Royalty Trust (NYSE:SBR) traded down 3.98% during mid-day trading on Friday, reaching $38.20. 100,538 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $38.97 and a 200-day moving average price of $37.70. The stock has a market cap of $556.92 million, a PE ratio of 16.80 and a beta of 0.25. Sabine Royalty Trust has a one year low of $33.46 and a one year high of $40.87.
The company also recently declared a monthly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.2167 per share. The ex-dividend date is Friday, August 11th. This represents a $2.60 dividend on an annualized basis and a yield of 6.81%. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is 91.08%.
SBR has been the topic of a number of research analyst reports. BidaskClub cut shares of Sabine Royalty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. TheStreet raised shares of Sabine Royalty Trust from a “c” rating to a “b-” rating in a research report on Monday, May 22nd.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitute interests in gross production of oil, gas and other minerals free of the costs of production. Southwest Bank acts as trustee of the Trust. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), production payments and any other similar, non-participatory interest, in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.
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About Oklahoma Minerals Founder GIB KNIGHT
Gib Knight is a private oil and gas investor and consultant, providing clients advanced analytics and building innovative visual business intelligence solutions to visualize the results, across a broad spectrum of regulatory filings and production data in Oklahoma and Texas. He is the founder of OklahomaMinerals.com, an online resource designed for mineral owners in Oklahoma.