PermRock Royalty Trust engages in the acquisition, development, and operation of oil and natural gas properties in the Permian Basin. The company is headquartered in Dallas, Texas. The company went IPO on 2018-05-02. The Trust owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from the underlying properties. T2S Permian Acquisition II LLC is the owner and operator of the underlying properties. The underlying properties consist of about 31,354 gross (22,394 net) acres in the Permian Basin. The Permian Basin extends over 75,000 square miles in West Texas and Southeastern New Mexico. The underlying properties consist of four operating areas. Permian Clearfork area consists of about 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry Counties, Texas. Permian Abo area consists of about 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran Counties, Texas. Permian Shelf area consists of 14,390 net acres on the Eastern Shelf of the Permian Basin. Permian Platform area consists of 3,903 net acres.
Follow-Up Questions
What is PermRock Royalty Trust (PRT)'s P/E Ratio?
The P/E ratio of PermRock Royalty Trust is 7.6154
What is the price performance of PRT stock?
The current price of PRT is $3.89, it has decreased 0.32% in the last trading day.
What are the primary business themes or industries for PermRock Royalty Trust?
PermRock Royalty Trust belongs to Energy industry and the sector is Energy
What is PermRock Royalty Trust market cap?
PermRock Royalty Trust's current market cap is $47.4M
Is PermRock Royalty Trust a buy, sell, or hold?
According to wall street analysts, 2 analysts have made analyst ratings for PermRock Royalty Trust, including 0 strong buy, 0 buy, 3 hold, 4 sell, and 0 strong sell
