Permian Basin Royalty Trust (NYSE:PBT) traded today at a new 52-week high of $16.17. This new high was reached on above average trading volume as 815,000 shares traded hands, while the average 30-day volume is approximately 218,000 shares.
Permian Basin Royalty Trust (NYSE:PBT) is currently priced 11.5% above its average consensus analyst price target of $13.87.
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.
Permian Basin Royalty Trust share prices have moved between a 52-week high of $16.17 and a 52-week low of $4.13 and are now trading 279% above that low price at $15.67 per share.
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