SandRidge Permian Trust (PER) Receiving Somewhat Favorable Media Coverage, Accern Reports

News stories about SandRidge Permian Trust (NYSE:PER) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SandRidge Permian Trust earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 46.4740988168348 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Separately, ValuEngine downgraded shares of SandRidge Permian Trust from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd.

NYSE:PER traded down $0.10 during trading hours on Friday, reaching $2.70. The company’s stock had a trading volume of 448,235 shares, compared to its average volume of 421,555. The stock has a market capitalization of $147.00 million, a PE ratio of 6.09 and a beta of 0.97. SandRidge Permian Trust has a one year low of $1.80 and a one year high of $3.00.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Friday, August 10th will be issued a dividend of $0.129 per share. This represents a $0.52 dividend on an annualized basis and a yield of 19.11%. This is a boost from SandRidge Permian Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, August 9th.

SandRidge Permian Trust Company Profile

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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