Stifel Nicolaus Decides to Give PermRock Royalty Trust (PRT) a Higher Rating. The Target Price per Share is Now $15

October 2, 2018 - By Peter Kolinski

PermRock Royalty Trust (PRT) Stock Upgrade

Trading for shares of PermRock Royalty Trust (PRT) should be followed closely this week, as Stifel Nicolaus upgraded shares to a Buy from a Hold. Additionally analysts have announced a new TP of $15 which is 26.05 % higher.

PermRock Royalty Trust (NYSE:PRT) Ratings Coverage

Among 4 analysts covering PermRock Royalty Trust (PRT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. PermRock Royalty Trust has $2100 highest and $15 lowest target. $19’s average target is 59.66% above currents $11.9 stock price. PermRock Royalty Trust had 5 analyst reports since May 29, 2018 according to SRatingsIntel. UBS initiated PermRock Royalty Trust (NYSE:PRT) rating on Tuesday, May 29. UBS has “Buy” rating and $2100 target. The rating was downgraded by Stifel Nicolaus on Thursday, August 23 to “Hold”.

The stock decreased 2.86% or $0.35 during the last trading session, reaching $11.9. About 83,344 shares traded or 26.94% up from the average. PermRock Royalty Trust (PRT) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in the Permian Basin, Texas. The company has market cap of $144.77 million.

More news for PermRock Royalty Trust (NYSE:PRT) were recently published by:, which released: “Stifel Upgrades PermRock Royalty Trust (PRT) to Buy” on October 02, 2018.‘s article titled: “PermRock Royalty Trust declares $0.1312 dividend” and published on September 18, 2018 is yet another important article.

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