Sabine Royalty Trust (NYSE:SBR) Releases Earnings Results

Sabine Royalty Trust (NYSE:SBR) released its earnings results on Thursday. The energy company reported $1.27 earnings per share (EPS) for the quarter, Zacks reports. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

Sabine Royalty Trust Trading Down 2.9 %

Shares of NYSE:SBR traded down $1.93 during trading on Thursday, reaching $64.60. The company’s stock had a trading volume of 189,407 shares, compared to its average volume of 41,545. The stock has a market capitalization of $941.80 million, a PE ratio of 9.95 and a beta of 0.48. The firm’s 50 day simple moving average is $66.36 and its two-hundred day simple moving average is $63.77. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20.

Sabine Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.4395 dividend. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $5.27 dividend on an annualized basis and a yield of 8.16%. Sabine Royalty Trust’s payout ratio is presently 81.20%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.