Things you need to know before investing: SandRidge Permian Trust (NYSE:PER)

SandRidge Permian Trust (NYSE:PER) changed -1.61% to recent value of $1.8300. The stock transacted 94,786 shares during most recent day however it has an average volume of 222,009 shares. It spotted trading -39.00% off 52-week high price. On the other end, the stock has been noted 26.21% away from the low price over the last 52-weeks. The Company has 50.17 million shares outstanding and 39.38 million shares were floated in market.

SANDRIDGE PERMIAN TRUST (PER) recently reported a quarterly distribution for the three-month period ended March 31, 2019 (which primarily relates to production attributable to the Trust’s interests from December 1, 2018 to February 28, 2019) of about $3.8M, or $0.071 per unit. The Trust makes distributions on a quarterly basis on or about the 60th day following the completion of each quarter. The distribution is predictable to occur on or before May 24, 2019 to holders of record as of the close of business on May 10, 2019.

During the three-month production period ended February 28, 2019, combined sales volumes were lower than the previous period and the average oil price received from the sale of minerals attributable to the Trust’s interests reduced as contrast to the three-month period ended November 30, 2018. As no additional development wells will be drilled, the Trust’s production is predictable to decline each quarter during the remainder of its life.

As before reported, the Trustee intends to withhold the greater of $190,000 or 3.5% of the funds otherwise accessible for distribution each quarter to gradually raise existing cash reserves by a total of about $2,275,000. The withholding for this distribution is $190,000. This cash is reserved to pay or provide for the payment of future known, anticipated or contingent expenses or liabilities.

The Trust owns royalty interests in oil and natural gas properties in the Central Basin Platform of the Permian Basin in Andrews County, Texas and is entitled to receive proceeds from the sale of production attributable to the royalty interests. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the quarterly distributions is predictable to fluctuate from quarter to quarter, depending on the proceeds received by the Trust as a result of actual production volumes, oil, natural gas and NGL prices, and the amount and timing of the Trust’s administrative expenses, among other factors. All Trust unit holders share distributions on a pro rata basis.

NYSE:PER EPS growth ratio for the past five years was -26.80% while Sales growth for the past five years was -25.60%. Return on equity (ROE) was noted as 20.80% while return on investment (ROI) was 22.00%. The stock institutional ownership stands at 3.30%.

SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The company was founded in 2011 and is based in Houston, Texas.

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