PBT Stock Summary and Trading Ideas (Permian Basin Royalty Trust | NYSE:PBT)

Permian Basin Royalty Trust is an express trust. The company's underlying properties include Waddell Ranch Properties in which the trust holds mineral interest as well as royalty interests in mature producing oil fields, such as Yates, Wasson, Sand Hills, East Texas, Kelly-Snyder, Panhandle Regular, N. Cowden, Todd, Keystone, Kermit, McElroy, Howard-Glasscock, Seminole and others across Texas. The company earns revenue in form of royalties received through its properties.

Permian Basin Royalty Trust trades on the NYSE stock market under the symbol PBT.

As of April 23, 2024, PBT stock price climbed to $12.50 with 187,784 million shares trading.

PBT has a beta of 0.29, meaning it tends to be less sensitive to market movements. PBT has a correlation of 0.01 to the broad based SPY ETF.

PBT has a market cap of $582.61 million. This is considered a Small Cap stock.

In the last 3 years, PBT stock traded as high as $27.77 and as low as $3.72.

PBT has underperformed the market in the last year with a return of -51.3%, while the SPY ETF gained +24.3%. In the last 3 month period, PBT fell short of the market, returning -18.8%, while SPY returned +4.6%. However, in the most recent 2 weeks PBT has outperformed the stock market by returning -1.1%, while SPY returned -2.6%.

PBT support price is $11.39 and resistance is $12.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBT stock will trade within this expected range on the day.