SandRidge Permian Trust (NYSE:PER) Share Price Passes Above 200 Day Moving Average of $1.97

Shares of SandRidge Permian Trust (NYSE:PER) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.97 and traded as high as $1.73. SandRidge Permian Trust shares last traded at $1.67, with a volume of 75,032 shares.

The business has a 50 day moving average of $1.65 and a 200 day moving average of $1.96. The company has a market cap of $87.15 million, a PE ratio of 4.00 and a beta of 1.29.

SandRidge Permian Trust (NYSE:PER) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.07 EPS for the quarter. The business had revenue of $4.90 million during the quarter. SandRidge Permian Trust had a return on equity of 18.84% and a net margin of 81.90%.

An institutional investor recently raised its position in SandRidge Permian Trust stock. Russell Investments Group Ltd. raised its position in shares of SandRidge Permian Trust (NYSE:PER) by 1,672.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 199,695 shares of the oil and gas producer’s stock after buying an additional 188,427 shares during the quarter. Russell Investments Group Ltd. owned about 0.38% of SandRidge Permian Trust worth $363,000 at the end of the most recent quarter. 1.37% of the stock is currently owned by institutional investors and hedge funds.

SandRidge Permian Trust Company Profile (NYSE:PER)

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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