SandRidge Permian Trust (PER) shares are trading at higher $0.35.
To add more color to this target, the company’s high over the last year is $1.75 and the low is $0.25. Over the last 52 weeks, PER is down -78.09% while the S&P 500 is up 21.16%%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
PER booked profit margins of 76.80%, its Return on Equity (ROE) is 19.00%, and its Return on Assets is 19.00%. All told, it is clear that, PER needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PER has a short ratio of 1.15 and outstanding shares of 52.50M.
PER has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.24. SandRidge Permian Trust PER also noted assets of $25.3 million at the end of the last quarter. Investors should also keep an eye on sector updates as PER has historically followed its peers on positive news.
All told, SandRidge Permian Trust PER has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PER represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
SandRidge Permian Trust PER is now commanding a market cap of 18.48M and a float of 39.38M. PER is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PER stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PER, either long or short, and we have not been compensated for this article.