Do SandRidge Permian Trust (NYSE: PER) Fit In A Value Investing Philosophy?

UPWK stock
UPWK stock

Virtu Financial BD LLC recently announced the acquisition of new stake in SandRidge Permian Trust (NYSE:PER). The institutional investor has increased its shareholding in the Energy company by 46.27% to 39542.0 shares with purchase of 12509.0 shares. This fresh investment now brings its stake to 0.08% valued currently at $15659.0. In addition, UBS Securities LLC raised its holdings by 25097.0 to 25097.0 shares. And Citadel Advisors LLC has lifted its position by 19.52% or 2795.0 shares – to 17114.0 shares.

With over 5.77 million SandRidge Permian Trust (PER) shares trading Friday and a closing price of $0.46 on the day, the dollar volume was approximately $2.65 million. The shares have shown a positive weekly performance of 24.36% and its price on 08/28/20 lost nearly -16.03%. Currently, there are 52.50M common shares owned by the public and among those 39.38M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for PER have a consensus price objective of $5.00. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $5.00 should the stock experience a downside. But an upside of 90.8% will see the stock hit the forecast high price target while mean target price for the stock is $5.00.

Vifag 2002, SICAV owns 14909.0 shares of the company’s stock, all valued at over $5904.0. The company sold 156.0 shares recently to bring their total holdings to about 0.03% of the shares outstanding.

Shares of SandRidge Permian Trust (NYSE: PER) opened at $0.5461, down -$0.0 from a prior closing price of $0.55. However, the script later closed the day at $0.46, down -16.03%. The company’s stock has a 5-day price change of 24.36% and 2.68% over the past three months. PER shares are trading -45.96% year to date (YTD), with the 12-month market performance down to -71.95% lower. It has a 12-month low price of $0.25 and touched a high of $1.75 over the same period. Currently, 5.77 million shares have been traded, compared to an average intraday trading volume of 829.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.61%, 6.99%, and -30.34% respectively.

Institutional ownership of SandRidge Permian Trust (NYSE: PER) shares accounts for 0.70% of the company’s 52.50M shares outstanding. Mutual fund holders own 0.67%, while other institutional holders and individual stakeholders account for 5.48% and 0.03% respectively.

It has a market capitalization of $28.80M and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 1.89, while the earnings-per-share (ttm) stands at $0.24. The company has a PEG of 0.19 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 26.86% over the week and 11.05% over the month.

Analysts forecast that SandRidge Permian Trust (PER) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -32.50% over the past 5-year period.

Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the PER, a number of firms have released research notes about the stock. Raymond James stated their Mkt Perform rating for the stock in a research note on April 20, 2015, with the firm’s price target at. RBC Capital Mkts coverage for the SandRidge Permian Trust (PER) stock in a research note released on October 28, 2013 offered a Underperform rating with a price target of $14.


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