NYSE:SBROil and Gas
Sabine Royalty Trust (SBR) Stock Rises As Earnings Strength Meets Payout Swings
Sabine Royalty Trust walked into this earnings season with a mixed reputation. The stock carried a rich P/E of 14.7x versus lower industry and peer averages, yet screens as trading well below one prominent fair value estimate. After the Q2 release, the market shrugged off the recent 90 day share price drift and pushed the units up about 2%.
The headline is straightforward. Sabine Royalty Trust reported a strong quarter for a royalty vehicle, with Q2 net income of about US$20.8 million and...