PBT Stock Overview
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States.
Permian Basin Royalty Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.53|
|52 Week High||US$23.08|
|52 Week Low||US$4.64|
|1 Month Change||-24.01%|
|3 Month Change||19.88%|
|1 Year Change||176.24%|
|3 Year Change||150.09%|
|5 Year Change||61.09%|
|Change since IPO||137.22%|
Recent News & Updates
Permian Basin Royalty Trust Has Become Risky From A Long-Term Perspective
PBT has more than tripled in the last 12 months thanks to the rally of the prices of oil and gas to 13-year highs. As the sanctions of western countries on Russia are not likely to be withdrawn anytime soon, PBT will continue thriving in the short run. However, most countries are investing in renewable energy projects at full throttle in order to reduce their dependence on Russia. When the market turns its focus on the secular shift from fossil fuels to clean energy sources, PBT will probably have significant downside risk.
|PBT||US Oil and Gas||US Market|
Return vs Industry: PBT exceeded the US Oil and Gas industry which returned 27.3% over the past year.
Return vs Market: PBT exceeded the US Market which returned -18.4% over the past year.
|PBT Average Weekly Movement||10.4%|
|Oil and Gas Industry Average Movement||9.1%|
|Market Average Movement||8.2%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.4%|
Stable Share Price: PBT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: PBT's weekly volatility (10%) has been stable over the past year.
About the Company
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, Devonian, and Waddell fields located in Crane County, Texas. As of December 31, 2021, the Waddell Ranch properties contained 268 net productive oil wells, 38 net productive gas wells, and 50 net injection wells.
Permian Basin Royalty Trust Fundamentals Summary
|PBT fundamental statistics|
Is PBT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PBT income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.27|
|Net Profit Margin||91.66%|
How did PBT perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is PBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PBT?
Other financial metrics that can be useful for relative valuation.
|What is PBT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PBT's PE Ratio compare to its peers?
|PBT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SD SandRidge Energy
SBR Sabine Royalty Trust
GTE Gran Tierra Energy
PBT Permian Basin Royalty Trust
Price-To-Earnings vs Peers: PBT is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the peer average (6.8x).
Price to Earnings Ratio vs Industry
How does PBT's PE Ratio compare vs other companies in the US Oil and Gas Industry?
Price-To-Earnings vs Industry: PBT is expensive based on its Price-To-Earnings Ratio (53.7x) compared to the US Oil and Gas industry average (11.3x)
Price to Earnings Ratio vs Fair Ratio
What is PBT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||53.7x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PBT's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PBT ($14.53) is trading above our estimate of fair value ($5.75)
Significantly Below Fair Value: PBT is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PBT's PEG Ratio to determine if it is good value.
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How is Permian Basin Royalty Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Permian Basin Royalty Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Check out Permian Basin Royalty Trust's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Permian Basin Royalty Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Permian Basin Royalty Trust performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBT has high quality earnings.
Growing Profit Margin: PBT's current net profit margins (91.7%) are higher than last year (86.8%).
Past Earnings Growth Analysis
Earnings Trend: PBT's earnings have declined by 24% per year over the past 5 years.
Accelerating Growth: PBT's earnings growth over the past year (83.7%) exceeds its 5-year average (-24% per year).
Earnings vs Industry: PBT earnings growth over the past year (83.7%) underperformed the Oil and Gas industry 102.2%.
Return on Equity
High ROE: PBT's Return on Equity (3748.9%) is considered outstanding.
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How is Permian Basin Royalty Trust's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PBT's short term assets ($2.0M) exceed its short term liabilities ($902.7K).
Long Term Liabilities: PBT's short term assets ($2.0M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: PBT is debt free.
Reducing Debt: PBT has not had any debt for past 5 years.
Debt Coverage: PBT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PBT has no debt, therefore coverage of interest payments is not a concern.
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What is Permian Basin Royalty Trust current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBT's dividend (2.56%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: PBT's dividend (2.56%) is low compared to the top 25% of dividend payers in the US market (4.27%).
Stability and Growth of Payments
Stable Dividend: PBT's dividends per share have been stable in the past 10 years.
Growing Dividend: PBT's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (99.8%), PBT's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Permian Basin Royalty Trust has no CEO, or we have no data on them.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Permian Basin Royalty Trust's employee growth, exchange listings and data sources
- Name: Permian Basin Royalty Trust
- Ticker: PBT
- Exchange: NYSE
- Founded: 1980
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: US$709.386m
- Shares outstanding: 46.61m
- Website: https://www.pbt-permian.com
- Permian Basin Royalty Trust
- 2911 Turtle Creek Boulevard
- Suite 850
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/06 00:00|
|End of Day Share Price||2022/07/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.