|Bid||0.0000 x 900|
|Ask||0.5437 x 4000|
|Day's Range||0.5250 - 0.5500|
|52 Week Range||0.4500 - 1.6000|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||2.96|
|Earnings Date||Mar 14, 2019|
|Forward Dividend & Yield||0.15 (24.70%)|
|1y Target Est||2.00|
SANDRIDGE MISSISSIPPIAN TRUST I (SDT) today announced a quarterly distribution for the three-month period ended June 30, 2019 (which primarily relates to production attributable to the Trust’s interests from March 1, 2019 to May 31, 2019) of approximately $0.7 million, or $0.0262 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 May 31, 2019, average oil prices increased as compared to the three-month period ended February 28, 2019.
SANDRIDGE MISSISSIPPIAN TRUST I 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://sdt.investorhq.businesswire.com/, as well as on the SEC’s website at www.sec.gov.
SANDRIDGE MISSISSIPPIAN TRUST I (SDT) (the “Trust”) announced today that it has received a notice from the New York Stock Exchange (“NYSE”) that the Trust has fallen below the NYSE continued listing requirement that the average closing price of the Trust’s units of beneficial interest be at least $1.00 per share, calculated over a period of 30 consecutive trading days. The Trust received the deficiency notice from the NYSE on December 31, 2018, and on January 4, 2019, the Trust acknowledged receipt of the notice.
SANDRIDGE MISSISSIPPIAN TRUST I (SDT) (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 $35,000 or 3.5% of the funds otherwise available for distribution each quarter to gradually increase existing cash reserves by a total of approximately $425,000. 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.