Last $12.79 USD
Change Today -0.02 / -0.16%
Volume 211.1K
As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

sandridge permian trust (PER) Snapshot

Open
$12.85
Previous Close
$12.81
Day High
$12.85
Day Low
$12.70
52 Week High
08/6/13 - $15.95
52 Week Low
12/19/13 - $11.57
Market Cap
503.6M
Average Volume 10 Days
167.0K
EPS TTM
--
Shares Outstanding
39.4M
EX-Date
05/13/14
P/E TM
--
Dividend
$2.43
Dividend Yield
19.44%
Current Stock Chart for SANDRIDGE PERMIAN TRUST (PER)

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sandridge permian trust (PER) Details

SandRidge Permian Trust holds royalty interests in oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 1.1 million barrels of oil equivalent. The company was founded in 2011 and is based in Austin, Texas.

Founded in 2011

sandridge permian trust (PER) Top Compensated Officers

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sandridge permian trust (PER) Key Developments

SandRidge Permian Trust Announces Quarterly Distribution for the Period Ended March 31, 2014, Payable on or Before May 30, 2014; Reports Earnings Results for the First Quarter Ended March 31, 2014

SandRidge Permian Trust announced a quarterly distribution for the three-month period ended March 31, 2014 (which primarily relates to production attributable to the Trust's interests from December 1, 2013 through February 28, 2014) of $29.9 million, or $0.608 per common unit and $0.452 per subordinated unit. The Trust makes distributions on a quarterly basis approximately 60 days after the end of each quarter. The distribution is expected to occur on or before May 30, 2014 to holders of record as of the close of business on May 15, 2014. During the three-month production period ended February 28, 2014, total sales volumes were lower than initial Trust estimates and lower than the previous period. During the period, intervals of reduced production due to severe winter weather conditions negatively impacted the Trust's results. The lower oil production resulted in quarterly income available for distribution of $0.569 per unit, which is below the subordination threshold. As a result, the distribution per common unit is the subordination threshold of $0.608 for the period. The company reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported royalty income of $30,993,000. Distributable income available to unitholders was $29,871,000. Distributable income per common unit was $0.608. Distributable income per subordinated unit was $0.452.

SandRidge Permian Trust Announces Earnings and Production Results for the Quarter Ended December 31, 2013

SandRidge Permian Trust announced production results for the quarter ended December 31, 2013. For the quarter, the company announced oil sales volume of (MBbl) of 343,000 and gas volume of (MMcf) of 109,000. Combined(MBoe) of 398,000. The company reported earnings results for the quarter December 31, 2013. For the quarter, the company's royalty income was $35,425,000. Distributable income available to unit holders was $33,677,000.

SANDRIDGE PERMIAN TRUST Announces Quarterly Distribution, Payable on or Before February 28, 2014

SANDRIDGE PERMIAN TRUST announced a quarterly distribution for the three-month period ended December 31, 2013 (which primarily relates to production attributable to the Trust's interests from September 1, 2013 through November 30, 2013) of $33.7 million, or $0.641 per unit. The Trust makes distributions on a quarterly basis approximately 60 days after the end of each quarter. The distribution is expected to occur on or before February 28, 2014 to holders of record as of the close of business on February 14, 2014.

 

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PER

Industry Average

Valuation PER Industry Range
Price/Earnings 5.5x
Price/Sales 5.3x
Price/Book 1.6x
Price/Cash Flow 5.5x
TEV/Sales 5.3x
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