SandRidge Permian Trust (NYSE:PER) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 133,700 shares, a decrease of 22.3% from the May 30th total of 172,000 shares. Based on an average trading volume of 222,300 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.
SandRidge Permian Trust stock traded up $0.03 during midday trading on Friday, hitting $1.76. 110,766 shares of the company’s stock were exchanged, compared to its average volume of 146,598. SandRidge Permian Trust has a 12 month low of $1.45 and a 12 month high of $3.00. The business’s 50-day moving average price is $1.81. The firm has a market cap of $90.82 million, a P/E ratio of 3.60 and a beta of 1.22.
SandRidge Permian Trust (NYSE:PER) last issued its earnings results on Thursday, May 9th. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter. SandRidge Permian Trust had a net margin of 83.50% and a return on equity of 20.80%. The company had revenue of $6.26 million for the quarter.
SandRidge Permian Trust Company Profile
SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.
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