Permian Basin Royalty Trust
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The last earnings update was 107 days ago. More info.
Add to Portfolio Compare Print
- Permian Basin Royalty Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
- Permian Basin Royalty Trust has significant price volatility in the past 3 months.
PBT Share Price and Events
7 Day Returns
1 Year Returns
PBT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Permian Basin Royalty Trust (PBT) | 10% | 12.5% | 9.8% | -15% | 43.9% | -40.2% |
| US Oil and Gas | 4.6% | 2.8% | 1% | -1.9% | 18.5% | -24.6% |
| US Market | 2.3% | 4.2% | 5.6% | 0.9% | 43.6% | 40.9% |
1 Year Return vs Industry and Market
- PBT underperformed the Oil and Gas industry which returned -1.9% over the past year.
- PBT underperformed the Market in United States of America which returned 0.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Permian Basin Royalty Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Permian Basin Royalty Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Dividend Discount Model | |
| Dividend Per Share | Company Filings (2018-09-30) in USD | $ .600590 |
| Payout Ratio | Company Filings (2018-09-30) | 0% |
| Discount Rate (Cost of Equity) | See below | 11.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 21%) (0%)) |
1.147 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.147 * 7.27%) |
11.07% |
Discounted Cash Flow Calculation for NYSE:PBT using Dividend Discount Model Model
The calculations below outline how an intrinsic value for Permian Basin Royalty Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).
If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Value per share |
= Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.6 / (11.07% - 2.73%) |
$7.2 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $7.20 |
| Current discount | Discount to share price of
$7.83
= -1 x ($7.83 - $7.20) / $7.20 |
-8.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Permian Basin Royalty Trust is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Permian Basin Royalty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Permian Basin Royalty Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.66 |
| NYSE:PBT Share Price ** | NYSE (2019-02-19) in USD | $7.83 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 91 Publicly-Listed Oil and Gas Companies | 12.24x |
| United States of America Market PE Ratio | Median Figure of 3,044 Publicly-Listed Companies | 17.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Permian Basin Royalty Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:PBT Share Price ÷ EPS (both in USD) = 7.83 ÷ 0.66 |
11.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Permian Basin Royalty Trust is good value based on earnings compared to the US Oil and Gas industry average.
- Permian Basin Royalty Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Permian Basin Royalty Trust's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.9x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 64 Publicly-Listed Oil and Gas Companies | 0.49x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.41x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Permian Basin Royalty Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Permian Basin Royalty Trust's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $0.01 |
| NYSE:PBT Share Price * | NYSE (2019-02-19) in USD | $7.83 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 194 Publicly-Listed Oil and Gas Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,132 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:PBT Share Price ÷ Book Value per Share (both in USD) = 7.83 ÷ 0.01 |
752.6x |
* Primary Listing of Permian Basin Royalty Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Permian Basin Royalty Trust is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Permian Basin Royalty Trust's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Permian Basin Royalty Trust has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Permian Basin Royalty Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Permian Basin Royalty Trust's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Permian Basin Royalty Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 9.6% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 32 | 31 | |
| 2018-06-30 | 31 | 30 | |
| 2018-03-31 | 31 | 29 | |
| 2017-12-31 | 31 | 29 | |
| 2017-09-30 | 31 | 29 | |
| 2017-06-30 | 31 | 30 | |
| 2017-03-31 | 28 | 26 | |
| 2016-12-31 | 21 | 19 | |
| 2016-09-30 | 17 | 15 | |
| 2016-06-30 | 16 | 14 | |
| 2016-03-31 | 16 | 14 | |
| 2015-12-31 | 18 | 16 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Permian Basin Royalty Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.66 |
| 2018-06-30 | 0.63 |
| 2018-03-31 | 0.63 |
| 2017-12-31 | 0.63 |
| 2017-09-30 | 0.63 |
| 2017-06-30 | 0.63 |
| 2017-03-31 | 0.56 |
| 2016-12-31 | 0.42 |
| 2016-09-30 | 0.32 |
| 2016-06-30 | 0.31 |
| 2016-03-31 | 0.30 |
| 2015-12-31 | 0.34 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Permian Basin Royalty Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Permian Basin Royalty Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Permian Basin Royalty Trust has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Permian Basin Royalty Trust performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Permian Basin Royalty Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Permian Basin Royalty Trust's 1-year earnings growth exceeds its 5-year average (5.1% vs -13.1%)
- Permian Basin Royalty Trust's earnings growth has not exceeded the US Oil and Gas industry average in the past year (5.1% vs 71.6%).
Earnings and Revenue History
All data from Permian Basin Royalty Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 32.04 | 30.68 | 1.36 | |
| 2018-06-30 | 30.90 | 29.52 | 1.37 | |
| 2018-03-31 | 30.74 | 29.45 | 1.30 | |
| 2017-12-31 | 30.57 | 29.33 | 1.25 | |
| 2017-09-30 | 30.51 | 29.20 | 1.32 | |
| 2017-06-30 | 30.97 | 29.54 | 1.43 | |
| 2017-03-31 | 27.87 | 26.23 | 1.64 | |
| 2016-12-31 | 21.09 | 19.35 | 1.74 | |
| 2016-09-30 | 16.87 | 15.06 | 1.80 | |
| 2016-06-30 | 16.19 | 14.31 | 1.88 | |
| 2016-03-31 | 15.94 | 14.17 | 1.76 | |
| 2015-12-31 | 17.80 | 16.05 | 1.75 | |
| 2015-09-30 | 21.67 | 20.05 | 1.62 | |
| 2015-06-30 | 31.02 | 29.60 | 1.42 | |
| 2015-03-31 | 41.51 | 40.20 | 1.30 | |
| 2014-12-31 | 49.01 | 47.72 | 1.29 | |
| 2014-09-30 | 52.92 | 51.59 | 1.33 | |
| 2014-06-30 | 50.31 | 49.03 | 1.29 | |
| 2014-03-31 | 46.86 | 45.52 | 1.34 | |
| 2013-12-31 | 41.75 | 40.52 | 1.23 | |
| 2013-09-30 | 40.25 | 39.07 | 1.18 | |
| 2013-06-30 | 36.75 | 35.55 | 1.20 | |
| 2013-03-31 | 41.73 | 40.58 | 1.15 | |
| 2012-12-31 | 55.13 | 53.98 | 1.15 | |
| 2012-09-30 | 60.19 | 59.03 | 1.16 | |
| 2012-06-30 | 65.95 | 64.81 | 1.14 | |
| 2012-03-31 | 68.21 | 67.05 | 1.16 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Permian Basin Royalty Trust made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- Permian Basin Royalty Trust used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Permian Basin Royalty Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Permian Basin Royalty Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Permian Basin Royalty Trust has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Permian Basin Royalty Trust's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Permian Basin Royalty Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- Permian Basin Royalty Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Permian Basin Royalty Trust's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Permian Basin Royalty Trust has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Permian Basin Royalty Trust Company Filings, last reported 4 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 0.48 | 0.00 | 3.60 |
| 2018-06-30 | 0.50 | 0.00 | 3.10 |
| 2018-03-31 | 0.51 | 0.00 | 4.52 |
| 2017-12-31 | 0.53 | 0.00 | 3.42 |
| 2017-09-30 | 0.55 | 0.00 | 2.92 |
| 2017-06-30 | 0.57 | 0.00 | 2.97 |
| 2017-03-31 | 0.58 | 0.00 | 3.26 |
| 2016-12-31 | 0.60 | 0.00 | 3.80 |
| 2016-09-30 | 0.64 | 0.00 | 2.14 |
| 2016-06-30 | 0.66 | 0.00 | 2.41 |
| 2016-03-31 | 0.67 | 0.00 | 1.26 |
| 2015-12-31 | 0.68 | 0.00 | 1.46 |
| 2015-09-30 | 0.69 | 0.00 | 1.42 |
| 2015-06-30 | 0.70 | 0.00 | 1.70 |
| 2015-03-31 | 0.71 | 0.00 | 1.01 |
| 2014-12-31 | 0.72 | 0.00 | 2.11 |
| 2014-09-30 | 0.73 | 0.00 | 4.42 |
| 2014-06-30 | 0.75 | 0.00 | 4.50 |
| 2014-03-31 | 0.77 | 0.00 | 5.06 |
| 2013-12-31 | 0.78 | 0.00 | 3.14 |
| 2013-09-30 | 0.79 | 0.00 | 4.95 |
| 2013-06-30 | 0.81 | 0.00 | 3.66 |
| 2013-03-31 | 0.82 | 0.00 | 2.70 |
| 2012-12-31 | 0.83 | 0.00 | 2.57 |
| 2012-09-30 | 0.84 | 0.00 | 2.85 |
| 2012-06-30 | 0.85 | 0.00 | 4.06 |
| 2012-03-31 | 0.87 | 0.00 | 6.57 |
- Permian Basin Royalty Trust has no debt.
- Permian Basin Royalty Trust has not taken on any debt in the past 5 years.
- Permian Basin Royalty Trust has no debt, it does not need to be covered by operating cash flow.
- Permian Basin Royalty Trust has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Permian Basin Royalty Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Permian Basin Royalty Trust has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Permian Basin Royalty Trust's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Permian Basin Royalty Trust
shares you are expected to receive
$153
in your first year as a dividend.
Dividend Amount
- Permian Basin Royalty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Permian Basin Royalty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.56%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 61 Stocks | 3.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2000 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-15 | 0.601 | 7.904 |
| 2019-01-18 | 0.635 | 9.218 |
| 2018-12-20 | 0.661 | 10.358 |
| 2018-11-19 | 0.658 | 10.029 |
| 2018-10-19 | 0.659 | 8.958 |
| 2018-09-18 | 0.658 | 8.258 |
| 2018-08-21 | 0.644 | 7.420 |
| 2018-07-20 | 0.650 | 7.107 |
| 2018-06-19 | 0.633 | 6.895 |
| 2018-05-18 | 0.631 | 6.637 |
| 2018-04-20 | 0.628 | 6.343 |
| 2018-03-19 | 0.632 | 6.542 |
| 2018-02-16 | 0.788 | 8.484 |
| 2018-01-19 | 0.715 | 7.676 |
| 2017-12-18 | 0.629 | 6.983 |
| 2017-11-17 | 0.612 | 6.691 |
| 2017-10-20 | 0.648 | 6.925 |
| 2017-09-19 | 0.483 | 5.426 |
| 2017-08-21 | 0.547 | 6.553 |
| 2017-07-21 | 0.489 | 5.592 |
| 2017-06-20 | 0.494 | 5.571 |
| 2017-05-19 | 0.626 | 6.566 |
| 2017-04-18 | 0.675 | 6.923 |
| 2017-03-21 | 0.567 | 5.965 |
| 2017-02-17 | 1.223 | 13.197 |
| 2017-01-20 | 0.576 | 6.456 |
| 2016-12-19 | 0.707 | 8.708 |
| 2016-11-18 | 0.565 | 7.679 |
| 2016-10-21 | 0.565 | 8.140 |
| 2016-09-20 | 0.551 | 7.811 |
| 2016-08-19 | 0.575 | 8.166 |
| 2016-07-19 | 0.481 | 7.134 |
| 2016-06-20 | 0.415 | 5.763 |
| 2016-05-20 | 0.408 | 5.742 |
| 2016-04-19 | 0.121 | 1.828 |
| 2016-03-21 | 0.157 | 2.521 |
| 2016-02-19 | 0.260 | 4.433 |
| 2016-01-19 | 0.177 | 3.422 |
| 2015-12-18 | 0.248 | 4.932 |
| 2015-11-19 | 0.254 | 4.464 |
| 2015-10-20 | 0.231 | 3.542 |
| 2015-09-18 | 0.366 | 5.366 |
| 2015-08-21 | 0.429 | 6.186 |
| 2015-07-21 | 0.620 | 9.310 |
| 2015-06-19 | 0.438 | 5.580 |
| 2015-05-18 | 0.188 | 2.245 |
| 2015-04-20 | 0.285 | 3.068 |
| 2015-03-20 | 0.259 | 3.093 |
| 2015-02-17 | 0.378 | 4.032 |
| 2015-01-20 | 0.441 | 4.448 |
| 2014-12-19 | 0.542 | 5.720 |
| 2014-11-17 | 0.550 | 5.222 |
| 2014-10-21 | 0.672 | 5.510 |
| 2014-09-19 | 1.137 | 8.730 |
| 2014-08-19 | 1.313 | 9.359 |
| 2014-07-21 | 1.422 | 10.137 |
| 2014-06-20 | 1.159 | 8.103 |
| 2014-04-17 | 1.035 | 7.426 |
| 2014-03-21 | 1.302 | 9.827 |
| 2014-02-18 | 1.100 | 8.422 |
| 2014-01-21 | 0.610 | 4.814 |
| 2013-12-20 | 0.808 | 6.178 |
| 2013-11-18 | 0.760 | 5.523 |
| 2013-10-21 | 1.194 | 8.028 |
| 2013-09-20 | 1.275 | 8.814 |
| 2013-08-20 | 1.072 | 7.894 |
| 2013-07-19 | 0.865 | 6.450 |
| 2013-06-18 | 0.942 | 7.092 |
| 2013-05-20 | 1.062 | 7.970 |
| 2013-04-18 | 0.731 | 5.786 |
| 2013-03-18 | 0.696 | 5.552 |
| 2013-02-15 | 0.432 | 3.328 |
| 2013-01-18 | 0.597 | 4.256 |
| 2012-12-20 | 0.663 | 5.142 |
| 2012-11-19 | 0.830 | 6.314 |
| 2012-10-19 | 0.896 | 6.552 |
| 2012-09-18 | 0.733 | 4.873 |
| 2012-08-21 | 0.687 | 4.282 |
| 2012-07-20 | 0.885 | 4.781 |
| 2012-06-19 | 1.045 | 5.862 |
| 2012-05-18 | 1.650 | 9.271 |
| 2012-04-20 | 1.335 | 6.621 |
| 2012-03-20 | 1.693 | 7.565 |
| 2012-02-17 | 1.971 | 8.773 |
| 2012-01-20 | 1.511 | 7.388 |
| 2011-12-19 | 1.217 | 6.007 |
| 2011-11-18 | 1.221 | 6.097 |
| 2011-10-21 | 1.250 | 6.248 |
| 2011-09-20 | 0.597 | 2.971 |
| 2011-08-19 | 1.413 | 6.482 |
| 2011-07-19 | 1.782 | 8.054 |
| 2011-06-20 | 1.727 | 7.890 |
| 2011-05-20 | 1.636 | 7.885 |
| 2011-04-21 | 1.244 | 5.919 |
| 2011-03-21 | 1.624 | 7.447 |
| 2011-02-18 | 1.175 | 5.588 |
| 2011-01-21 | 1.439 | 6.811 |
| 2010-12-20 | 1.179 | 5.263 |
| 2010-11-19 | 1.173 | 5.253 |
| 2010-10-19 | 1.287 | 5.924 |
| 2010-09-20 | 1.353 | 6.747 |
| 2010-08-20 | 1.343 | 7.169 |
| 2010-07-20 | 1.396 | 7.325 |
| 2010-06-18 | 1.515 | 8.089 |
| 2010-05-18 | 1.664 | 9.264 |
| 2010-04-20 | 1.451 | 7.779 |
| 2010-03-19 | 1.506 | 8.408 |
| 2010-02-16 | 1.320 | 7.667 |
| 2010-01-19 | 1.321 | 8.605 |
| 2009-12-18 | 1.412 | 9.491 |
| 2009-11-19 | 0.994 | 7.379 |
| 2009-10-20 | 1.160 | 8.530 |
| 2009-09-18 | 0.813 | 6.330 |
| 2009-08-21 | 0.953 | 7.675 |
| 2009-07-21 | 0.894 | 8.446 |
| 2009-06-19 | 0.564 | 5.459 |
| 2009-05-18 | 0.602 | 5.210 |
| 2009-04-20 | 0.440 | 4.754 |
| 2009-03-20 | 0.355 | 3.577 |
| 2009-02-23 | 0.523 | 5.762 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Permian Basin Royalty Trust's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Permian Basin Royalty Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Permian Basin Royalty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Permian Basin Royalty Trust has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
- Permian Basin Royalty Trust has no CEO, or we have no data on them.
Management Team
Ron Hooper
Senior Vice President of Royalty Trust Management - Southwest Bank
Board of Directors
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Permian Basin Royalty Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Permian Basin Royalty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is Permian Basin Royalty Trust's (NYSE:PBT) PE Ratio A Signal To Sell For Investors?
and want to better understand how you can grow your money by investing in Permian Basin Royalty Trust (NYSE:PBT). … Permian Basin Royalty Trust (NYSE:PBT) trades with a trailing P/E of 15x, which is higher than the industry average of 13.5x. … While this makes PBT appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio
Simply Wall St - – Full articleIs Buying Permian Basin Royalty Trust (NYSE:PBT) For Its Upcoming $0.05 Dividend A Good Choice?
See our latest analysis for Permian Basin Royalty Trust 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … NYSE:PBT Historical Dividend Yield May 26th 18 How does Permian Basin Royalty Trust fare? … Relative to peers, Permian Basin Royalty Trust produces a yield of 6.52%, which is high for Oil and Gas stocks.
Simply Wall St - – Full articlePermian Basin Royalty Trust (NYSE:PBT): What Does It Mean For Your Portfolio?
A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Check out our latest analysis for Permian Basin Royalty Trust What is PBT’s market risk? … PBT's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns.
Simply Wall St - – Full articleIs Permian Basin Royalty Trust (NYSE:PBT) A Smart Pick For Income Investors?
In the past 10 years Permian Basin Royalty Trust (NYSE:PBT) has returned an average of 7.00% per year to investors in the form of dividend payouts. … Check out our latest analysis for Permian Basin Royalty Trust Here's how I find good dividend stocks If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:PBT Historical Dividend Yield Apr 24th 18 Does Permian Basin Royalty Trust pass our checks?
Simply Wall St - – Full articleIs Permian Basin Royalty Trust (NYSE:PBT) A Sell At Its Current PE Ratio?
By comparing a stock’s price per share to its earnings per share, we are able to see how much investors are paying for each dollar of the company’s earnings. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PBT Price per share = $9.7 Earnings per share = $0.629 ∴ Price-Earnings Ratio = $9.7 ÷ $0.629 = 15.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since PBT's P/E of 15.4x is higher than its industry peers (12.4x), it means that investors are paying more than they should for each dollar of PBT's earnings.
Simply Wall St - – Full articleWith 51.56% Earnings Growth, Did Permian Basin Royalty Trust (NYSE:PBT) Outperform The Industry?
When Permian Basin Royalty Trust's (NYSE:PBT) announced its latest earnings (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Permian Basin Royalty Trust's average earnings over the past couple of years, and its industry performance. … See our latest analysis for Permian Basin Royalty Trust Did PBT's recent earnings growth beat the long-term trend and the industry?
Simply Wall St - – Full articlePermian Basin Royalty Trust (NYSE:PBT): How Does It Impact Your Portfolio?
Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile. … PBT's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How PBT's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.
Simply Wall St - – Full articleIs Permian Basin Royalty Trust (NYSE:PBT) A Good Dividend Stock?
See our latest analysis for Permian Basin Royalty Trust How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … NYSE:PBT Historical Dividend Yield Jan 23rd 18 How does Permian Basin Royalty Trust fare? … Relative to peers, Permian Basin Royalty Trust produces a yield of 7.50%, which is high for Oil and Gas stocks.Next Steps: Whilst there are few things you may like about Permian Basin Royalty Trust from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.
Simply Wall St - – Full articleIs Permian Basin Royalty Trust (NYSE:PBT) A Buy At Its Current PE Ratio?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for PBT Price per share = $9.37 Earnings per share = $0.626 ∴ Price-Earnings Ratio = $9.37 ÷ $0.626 = 15x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … At 15x, PBT’s P/E is lower than its industry peers (15.1x). … For example, if you are inadvertently comparing lower risk firms with PBT, then PBT’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.
Simply Wall St - – Full articleWhere Permian Basin Royalty Trust (NYSE:PBT) Stands In Terms Of Earnings Growth Against Its Industry
In this article, I will take a look at Permian Basin Royalty Trust's (NYSE:PBT) most recent earnings update (30 September 2017) and compare these latest figures against its performance over the past few years, along with how the rest of PBT's industry performed. … View our latest analysis for Permian Basin Royalty Trust How Did PBT's Recent Performance Stack Up Against Its Past? … Although revenue growth in the past couple of years, has been negative, earnings growth has been falling by even more, suggesting that Permian Basin Royalty Trust has been increasing its expenses.
Simply Wall St - – Full articleCompany Info
Map
Description
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, University-Waddell, and Waddell fields located in Crane County, Texas. As of December 31, 2017, its Waddell Ranch properties contained 348 net productive oil wells, 65 net productive gas wells, and 102 net injection wells. The company also holds a 95% net overriding royalty in the Texas Royalty properties, which include various producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole, and others located in 33 counties in Texas. Its Texas Royalty properties comprise approximately 125 separate royalty interests containing approximately 51,000 net producing acres. Permian Basin Royalty Trust was founded in 1980 and is based in Dallas, Texas.
Details
| Name: | Permian Basin Royalty Trust |
| PBT | |
| Exchange: | NYSE |
| Founded: | 1980 |
| $364,946,872 | |
| 46,608,796 | |
| Website: | http://www.pbt-permian.com |
| Address: |
Permian Basin Royalty Trust 2911 Turtle Creek Boulevard, Suite 850, Dallas, Texas, 75219, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | PBT | Beneficial Interest Units | New York Stock Exchange | US | USD | 24. Oct 1980 | |
| DB | P0BR | Beneficial Interest Units | Deutsche Boerse AG | DE | EUR | 24. Oct 1980 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/20 04:40 |
| End of day share price update: | 2019/02/19 00:00 |
| Last earnings filing: | 2018/11/05 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
