The Insider Activity Of PermRock Royalty Trust (PRT) Should Not Be Ignored


As of Wednesday close, PermRock Royalty Trust’s (NYSE:PRT) stock was up $0.17, moving up 2.23 percent to $7.78. The average number of shares traded per day over the past five days has been 73,280 shares. 4 times new highs have been achieved over the past 5 days, with a $0.36 gain in that time frame. In the last twenty days, the average volume was 47,550, while in the previous 50 days, it was 50,788.

Since last month, PRT stock rose 3.05%. Shares of the company fell to $6.90 on 11/21/22, the lowest level in the past month. A 52-week high of $10.88 was reached on 03/08/22 after having rallying from a 52-week low of $6.37. Since the beginning of this year, PRT’s stock price has risen by 11.14% or $0.78, and marked a new high 18 times. However, the stock has declined by -28.49% since its 52-week high.

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PRT stock investors should be aware that PermRock Royalty Trust (PRT) stock had its last reported insider trading activity 1 day ago on Nov 23. Boaz Energy II, LLC, the 10% Owner of the company, disposed of 13,000 shares for $7.65 on Nov 23. It resulted in a $99,468 divestment by the insider. Boaz Energy II, LLC sold 3,200 shares at an average price of $7.44 on Nov 22. The insider now owns 5,608,007 shares following the transaction. On Nov 21, 10% Owner Boaz Energy II, LLC sold 8,000 shares at $7.18 apiece. The transaction was valued at $57,478.

Valuation Metrics

Right now, PermRock Royalty Trust (PRT) has a P/E ratio of about 9.37. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 8.73, the price-to-book (PB) ratio of 1.14.

The latest dividend of $0.09 per share was paid out, which is -3.64% less than last year’s $0.0934. On Friday November 18 2022, a $0.0034 dividend decrease was announced.

Financial Health

In the year ended March 30, operating margins totaled 92.40%. Based on annual data, PRT earned $7.37 million in gross profit and brought in $8.14 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.70%. Return on equity (ROE) for the past 12 months was 12.00%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected PermRock Royalty Trust to report $0.09 quarterly earnings, the actual figure was $0.09 per share. During the quarter, the company generated $3.86 million in EBITDA. The liabilities of PermRock Royalty Trust were 2.13 million at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $12.17 million.

Technical Picture

This quick technical analysis looks at PermRock Royalty Trust’s (PRT) price momentum. With a historical volatility rate of 32.67%, the RSI 9-day stood at 62.54% on 23 November.

With respect to its five-day moving average, the current PermRock Royalty Trust price is up by +4.85% percent or $0.36. At present, PRT shares trade +1.04% above its 20-day simple moving average and -0.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.58% below its SMA50 and -18.11% below its SMA200.

Stochastic coefficient K was 80.98% and Stochastic coefficient D was 60.17%, while ATR was 0.31. Given the Stochastic reading of 91.67% for the 14-day period, the RSI (14) reading has been calculated as 56.95%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.09.

Analyst Ratings

PermRock Royalty Trust downgraded its rating on PermRock Royalty Trust (NYSE: PRT) to an Equal weight in a note to investors on July 29, 2020. The analysts firm previously had an Overweight rating on the stock.PermRock Royalty Trust (PRT) has been rated Hold by analysts. According to 0 brokerage firms, PRT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PermRock Royalty Trust stock as buy, with 0 recommending it as overweight.

With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict PermRock Royalty Trust (PRT) will achieve an average price target of $2.00.


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