PermRock Royalty Trust Trust found using ticker (PRT) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 5.7 and 2 with a mean TP of 3.85. Now with the previous closing price of 5.02 this would indicate that there is a downside of -23.3%. The 50 day MA is 4.34 while the 200 day moving average is 2.93. The market cap for the company is $60m. Find out more information at: http://www.permrock.com
PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in Permian Basin, Texas. Its underlying properties consist of 22,997 net acres, which include 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry counties, Texas; 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran counties, Texas; 14,727 net acres on the Eastern Shelf of the Permian Basin in Glasscock, Schleicher, Stonewall, and Coke counties, Texas; and 4,169 net acres on the Central Basin Platform of the Permian Basin in Ward, Crane, Terry, and Ector counties, Texas. The company was founded in 2017 and is based in Fort Worth, Texas.