PBT has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.21, which illustrates the ability to avoid short-term cash problems.
■ The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, PERMIAN BASIN ROYALTY TRUST's return on equity significantly exceeds that of both the industry average and the S&P 500.
■ The gross profit margin for PERMIAN BASIN ROYALTY TRUST is currently very high, coming in at 100.00%. PBT has managed to maintain the strong profit margin since the same quarter of last year. Despite the mixed results of the gross profit margin, PBT's net profit margin of 97.00% significantly outperformed against the industry.
■ PERMIAN BASIN ROYALTY TRUST's earnings per share declined by 10.5% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern earnings per share over the past two years. During the past fiscal year, PERMIAN BASIN ROYALTY TRUST reported lower earnings of $1.36 versus $1.38 in the prior year.
■ The company, on the basis of change in net income from the same quarter one year ago, has underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry average. The net income has decreased by 12.5% when compared to the same quarter one year ago, dropping from $17.90 million to $15.66 million.
Permian Basin Royalty Trust owns overriding royalty interests in various oil and gas properties in the United States. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Permian Basin Royalty has a market cap of $630.2 million and is part of the basic materials sector and energy industry. Shares are down 34.3% year to date as of the close of trading on Monday.
Talk about a useless, computer written article by a computer which doesn't understand the difference between a trust and a corporation. The garbage starts with the first sentence as royalty trusts are not allowed to have debt.
Cramer has missed on PBT, BPT in his last few episodes where they were discussed. He missed that production had decreased due primarily to regularly scheduled maintenance and workovers. It normally happens in better weather. Expect share price to inch back up over the winter. Time to look at your portfolio balance b4 the DC bunch whops you. The royalty trusts distribution does have some advantages over normal dividends.