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: Streetinsider.com, which released: “Stifel Upgrades PermRock Royalty Trust (PRT) to Buy” on October 02, 2018. Seekingalpha.com‘s article titled: “PermRock Royalty Trust declares $0.1312 dividend” and published on September 18, 2018 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>