|Bid||2.4800 x 900|
|Ask||2.4900 x 1100|
|Day's Range||2.4434 - 2.5000|
|52 Week Range||1.7000 - 3.0000|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||5.17|
|Earnings Date||Mar 27, 2019 - Mar 29, 2019|
|Forward Dividend & Yield||0.38 (16.17%)|
|1y Target Est||5.00|
SANDRIDGE PERMIAN TRUST today announced that its Annual Report on Form 10-K for the year ended December 31, 2018 has been filed with the SEC. The Annual Report on Form 10-K is available in the “SEC Filings” section of the Trust’s website at http://per.investorhq.businesswire.com/, as well as on the SEC’s website at www.sec.gov.
SANDRIDGE PERMIAN TRUST (PER) today announced a quarterly distribution for the three-month period ended December 31, 2018 (which primarily relates to production attributable to the Trust’s interests from September 1, 2018 to November 30, 2018) of approximately $5.0 million, or $0.095 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. During the three-month production period ended November 30, 2018, combined sales volumes were lower than the previous period and oil prices decreased.
SANDRIDGE PERMIAN TRUST (PER) (the “Trust”) today announced that its trustee, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), has determined to gradually increase the Trustee’s existing cash reserve for the payment of future expenses and liabilities of the Trust, as permitted by the trust agreement. Commencing with the distribution to unitholders payable in the first quarter of 2019, the Trustee intends to begin withholding the greater of $190,000 or 3.5% of the funds otherwise available for distribution each quarter to gradually increase existing cash reserves by a total of approximately $2,275,000. The Trustee may increase or decrease the targeted amount at any time, and may increase or decrease the rate at which it is withholding funds to build the cash reserve at any time, without advance notice to the unitholders.
SANDRIDGE PERMIAN TRUST (PER) today announced that on November 1, 2018, SandRidge Energy, Inc. (“SandRidge”) sold all of its interests in the oil and natural gas properties underlying the Trust and all of its outstanding Trust units to Avalon Energy, LLC (“Avalon”), a Texas limited liability company. In connection with the transaction, Avalon assumed all of SandRidge's obligations under the Amended and Restated Trust Agreement and the Administrative Services Agreement between SandRidge and the Trust.
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