Sabine Royalty Trust (NYSE:SBR) Posts Quarterly Earnings Results

Sabine Royalty Trust (NYSE:SBR) released its earnings results on Thursday. The energy company reported $1.27 EPS for the quarter, Zacks reports. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%. The company had revenue of $19.55 million during the quarter.

Sabine Royalty Trust Stock Up 1.1 %

NYSE:SBR opened at $65.48 on Friday. Sabine Royalty Trust has a 12-month low of $58.60 and a 12-month high of $70.20. The stock’s fifty day simple moving average is $66.41 and its 200-day simple moving average is $63.78. The firm has a market capitalization of $954.63 million, a P/E ratio of 10.09 and a beta of 0.48.

Sabine Royalty Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4395 per share. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.27 annualized dividend and a dividend yield of 8.05%. Sabine Royalty Trust’s payout ratio is presently 81.20%.

Analyst Ratings Changes

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

About Sabine Royalty Trust

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.