PermRock Royalty Trust (PRT)
PermRock Royalty Trust operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Dallas, TX, US. The stock last traded at $2.20, up 0.00% on the session, giving a market capitalisation of $26.8M. On trailing twelve-month figures it carries a trailing P/E of 7.33, a net margin of 80.4%. Its beta of 0.41 implies it has historically moved less than the broad market.
PermRock Royalty Trust's primary asset is an 80% net profits interest derived from oil and natural gas production properties located within the Permian Basin of Texas. These energy-producing assets were originally acquired by Boaz Energy II, LLC. The total subsurface area encompassed by these holdings amounts to 22,997 net acres. This expansive acreage is strategically distributed across various geological platforms and counties: 2,434 net acres are situated on the Central Basin Platform, spanning Hockley and Terry counties; an additional 1,667 net acres are also found on the Central Basin Platform in Terry and Cochran counties; a substantial 14,727 net acres are located on the Eastern Shelf, encompassing Glasscock, Schleicher, Stonewall, and Coke counties; and a further 4,169 net acres are part of the Central Basin Platform in Ward, Crane, Terry, and Ector counties, all within Texas. The trust was established in 2017 and its corporate headquarters are located in Fort Worth, Texas.
PermRock Royalty Trust is most often compared with the following Energy names: