Permian Basin Royalty Trust (NYSE:PBT) traded at a new 52-week high today of $13.19. Approximately 283,000 shares have changed hands today, as compared to an average 30-day volume of 158,000 shares.
There is potential upside of 8.7% for shares of Permian Basin Royalty Trust based on a current price of $13.06 and an average consensus analyst price target of $14.21.
Permian Basin Royalty Trust is an express trust. The company’s underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature 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 across Texas. The company earns revenue in form of royalties received through its properties.
In the past 52 weeks, shares of Permian Basin Royalty Trust have traded between a low of $3.30 and a high of $13.19 and is now at $13.06, which is 296% above that low price.
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