Added to YB: 2024-08-26
Pitch date: 2024-08-24
PBT [neutral]
Permian Basin Royalty Trust
+61.27%
current return
Author Info
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Company Info
Permian Basin Royalty Trust holds royalty interests in various oil and gas properties in the United States.
Market Cap
$952.7M
Pitch Price
$10.69
Price Target
N/A
Dividend
1.60%
EV/EBITDA
N/A
P/E
57.81
EV/Sales
51.64
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Idea List - PBT
PBT neutral: Oil/gas royalty trust, 3x production since 2019. $310M 2024 capex plan vs $116M 2023. Revenue: $11.8M (2021), $54.4M (2022), $29M (2023). $508.5M reserves, 1x market cap. 6% dividend yield. Lawsuit vs Blackbeard over $15M billing. Increased production potential not reflected in price. Lawsuit uncertainty may create buying opportunity.
Read full article (2 min)