Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Permian Basin Royalty Trust before investing.

In this article, we go over a few key elements for understanding Permian Basin Royalty Trust’s stock price such as:

• Permian Basin Royalty Trust’s current stock price and volume
• Why Permian Basin Royalty Trust’s stock price changed recently
• Upgrades and downgrades for PBT from analysts
• PBT’s stock price momentum as measured by its relative strength

About Permian Basin Royalty Trust (PBT)

Before we jump into Permian Basin Royalty Trust’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Permian Basin Royalty Trust is an express trust. Its Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch Properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Waddell Ranch properties contain approximately 1,067 gross (499 net) productive oil wells and 108 gross (51 net) productive gas wells. The Blackbeard Operating, LLC is an operator of record of the Waddell Ranch properties. In the six fields, there are 12 producing zones ranging in depth from 2,800 to 10,600 feet. The prolific of these zones are the Grayburg and San Andres, which produce from depths between 2,800 and 3,400 feet. Also productive from San Andres are the Sand Hills gas field and the Sand Hills oil field, the Dune (Grayburg/San Andres) oil field, and the Waddell oil field. The Dune and Waddell oil fields are productive from both the Grayburg and San Andres formations.

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Permian Basin Royalty Trust’s Stock Price as of Market Close

As of August 13, 2024, 4:00 PM, CST, Permian Basin Royalty Trust’s stock price was $11.29.

Permian Basin Royalty Trust is up 5.12% from its previous closing price of $10.74.

During the last market session, Permian Basin Royalty Trust’s stock traded between $10.69 and $11.10. Currently, there are 46.61 million shares of Permian Basin Royalty Trust stock available for purchase.

Permian Basin Royalty Trust’s price-earnings (P/E) ratio is currently at 17.4, which is high compared to the Oil & Gas - Exploration and Production industry median of 10.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Permian Basin Royalty Trust Stock Price History

Permian Basin Royalty Trust’s (PBT) price is currently down 0.44% so far this month.

During the month of August, Permian Basin Royalty Trust’s stock price has reached a high of $11.58 and a low of $10.14.

Over the last year, Permian Basin Royalty Trust has hit prices as high as $24.09 and as low as $10.14. Year to date, Permian Basin Royalty Trust’s stock is down 55.2%.

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What Caused Permian Basin Royalty Trust Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 12, 2024, there were analysts who downgraded Permian Basin Royalty Trust’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Permian Basin Royalty Trust’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Permian Basin Royalty Trust’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Permian Basin Royalty Trust’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Permian Basin Royalty Trust (PBT) by visiting AAII Stock Evaluator.

Relative Price Strength of Permian Basin Royalty Trust

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 12, 2024, Permian Basin Royalty Trust has a weighted four-quarter relative price strength of -20.93%, which translates to a Momentum Score of 17 and is considered to be Very Weak.

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Permian Basin Royalty Trust Stock Price: Bottom Line

As of August 13, 2024, Permian Basin Royalty Trust’s stock price is $11.29, which is up 5.12% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Permian Basin Royalty Trust stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.