Sabine Royalty Trust (NYSE:SBR) Releases Earnings Results

Sabine Royalty Trust (NYSE:SBR) posted its quarterly earnings data on Thursday. The energy company reported $1.27 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%. The firm had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Stock Performance

Shares of SBR stock opened at $65.09 on Friday. Sabine Royalty Trust has a fifty-two week low of $58.60 and a fifty-two week high of $70.20. The stock’s 50-day simple moving average is $66.41 and its 200-day simple moving average is $63.78. The firm has a market capitalization of $948.87 million, a price-to-earnings ratio of 10.03 and a beta of 0.48.

Sabine Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4395 dividend. This represents a $5.27 annualized dividend and a yield of 8.10%. The ex-dividend date is Tuesday, February 18th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio (DPR) is currently 81.20%.

Analysts Set New Price Targets

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

Sabine Royalty Trust Company Profile

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.