Market Runner: SandRidge Permian Trust Can’t Be More Risky. Trades Sigfnicicantly Lower

Market Runner: SandRidge Permian Trust Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of SandRidge Permian Trust (NYSE:PER) is a huge mover today! About 156,393 shares traded hands. SandRidge Permian Trust (NYSE:PER) has risen 30.80% since April 6, 2016 and is uptrending. It has outperformed by 28.85% the S&P500.
The move comes after 6 months negative chart setup for the $157.19 million company. It was reported on Nov, 8 by Barchart.com. We have $2.64 PT which if reached, will make NYSE:PER worth $20.43 million less.

According to Zacks Investment Research, “SandRidge Permian Trust is an oil and natural gas company. The Company primarily focuses on exploration, production, gas gathering and processing facilities, CO2 treating and transportation facilities and oil recovery. Sandridge has oil and natural gas properties located in the Permian Basin in Texas. It also has production in the regions of Texas, the Gulf Coast and the Gulf of Mexico. SandRidge Permian Trust is based in Austin, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.53 in 2016 Q2. Its down 0.54, from 1.07 in 2016Q1. The ratio worsened, as 9 funds sold all SandRidge Permian Trust shares owned while 10 reduced positions. 2 funds bought stakes while 8 increased positions. They now own 5.14 million shares or 7.41% more from 4.79 million shares in 2016Q1.
Wells Fargo And Mn has 8,152 shares for 0% of their US portfolio. Moreover, Royal Savings Bank Of Canada has 0% invested in SandRidge Permian Trust (NYSE:PER) for 400 shares. Raymond James Advsr reported 15,521 shares or 0% of all its holdings. Asset Mgmt Llc reported 2.48M shares or 3.04% of all its holdings. Deutsche Bank & Trust Ag has 0% invested in the company for 91,671 shares. Arrow Invest Advsr Ltd Liability has invested 0.14% of its portfolio in SandRidge Permian Trust (NYSE:PER). Highlander Mngmt Ltd Liability Com has 2,760 shares for 0.01% of their US portfolio. The Illinois-based Citadel Advsr Limited has invested 0% in SandRidge Permian Trust (NYSE:PER). The Illinois-based First Midwest State Bank Trust Division has invested 0% in SandRidge Permian Trust (NYSE:PER). Ftb Advsrs holds 0% or 1,500 shares in its portfolio. The Florida-based Raymond James And Assoc has invested 0% in SandRidge Permian Trust (NYSE:PER). Millennium Management Lc last reported 0% of its portfolio in the stock. Cetera Advisors Limited Liability Company owns 15,298 shares or 0% of their US portfolio. Creative Planning accumulated 16,621 shares or 0% of the stock. Pnc Service Gru reported 1,000 shares or 0% of all its holdings.

More notable recent SandRidge Permian Trust (NYSE:PER) news were published by: Seekingalpha.com which released: “SandRidge Permian Trust – Good Play Now Ahead Of A Likely Future Oil Spike” on November 01, 2016, also Fool.com with their article: “Here’s Why Shares of the Sandridge Permian Trust Declined More Than 25% in August” published on September 03, 2015, Marketwatch.com published: “SandRidge Permian Trust” on September 21, 2009. More interesting news about SandRidge Permian Trust (NYSE:PER) were released by: Seekingalpha.com and their article: “SandRidge Permian Trust: Risk Outweighs Potential Reward Of Higher Oil Prices” published on February 02, 2016 as well as Nasdaq.com‘s news article titled: “SandRidge Permian Trust (PER) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016.

PER Company Profile

Sandridge Permian Trust (the Trust), incorporated on May 12, 2011, is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas (the Underlying Properties). The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests. The Trust’s properties consist of Royalty Interests in the initial wells and over 860 additional wells (equivalent to over 890 trust development wells under the development agreement) that are drilled and perforated for completion. The Royalty Interests are in properties located in the greater Fuhrman-Mascho field, a field in Andrews County, Texas that produces oil primarily from the Grayburg/San Andres formation in the Permian Basin. The Permian Basin extends throughout southwestern Texas and southeastern New Mexico over an area approximately 250 miles wide and over 300 miles long.

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