Option chain shows key data for Sabine Royalty's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Sabine Royalty.

Sabine Royalty (NYSE:SBR) Stock, Option Chain

Sabine Royalty

Sabine Royalty Trust is an express trust which is formed to receive Sabine Corporation's royalty and mineral interests, including landowner's royalties, overriding royalty interests, minerals production payments and any other similar, non-participatory interests, in certain Royalty Properties. The trusts producing and proved undeveloped oil and gas royalty properties are located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

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Why Applied Therapeutics Shares Are Trading Lower By Over 35%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Looking for small cap and micro cap stocks offering solid dividend yields, with future growth potential. These three monthly paying dividend stocks are offering stable passive income for the rest of the year.

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Toward the end of trading Friday, the Dow traded up 0.32% to 36,351.67 while the NASDAQ fell 0.68% to 14,978.67. The S&amp;P also fell, dropping, 0.17% to 4,688.12.



Mid-Afternoon Market Update: Dow Gains Over 100 Points; Aehr Test Systems Shares Slide

Sabine Royalty Trust

Saber - United States Dollar

Sabra Health Care REIT, Inc. - Common Stock

Sabra Health Care REIT Inc

SABRE INS GROUP PLC by SABRE INS GROUP PLC

SPAREBANK 1 SOR NORGE ASA by SPAREBANK 1 SOR NORGE ASA

SpareBank 1 Sor Norge ASA

In the current session, the stock is trading at $62.00, after a 0.56% increase. Over the past month, Sabine Royalty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>) stock increased by 0.19%, and in the past year, by 0.70%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1731677414_0.png" alt="Past Year Chart" />

<h3>Evaluating Sabine Royalty P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 22.62 in the Oil, Gas &amp; Consumable Fuels industry, Sabine Royalty Inc. has a lower P/E ratio of 10.16. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1731677414_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

P/E Ratio Insights for Sabine Royalty

Tuesday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a monthly dividend of 41.95 cents per share. On Wednesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 41.95 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SBR as of the end of Tuesday's session are eligible to receive the 41.95 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SBR">Monitor live stock price updates for Sabine Royalty on Benzinga.</a>

Tuesday Is Your Last Chance To Buy Sabine Royalty Before The Dividend Payout

Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 43.72 cents per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 43.72 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the 43.72 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 30, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Sabine Royalty's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Sabine Royalty: Dividend Insights

Shares of Applied Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aplt#NASDAQ">APLT</a>) shares fell sharply during Friday&rsquo;s session after the company released topline results of the ARISE-HF Phase 3 trial of AT-001 (caficrestat) in patients with Diabetic Cardiomyopathy (DbCM) at high risk of <a href="https://www.benzinga.com/general/biotech/24/01/36508058/applied-therapeutics-diabetes-associated-heart-disease-drug-fails-in-phase-3-study-stock-plunges">progression to overt heart failure</a>.
The study&#39;s primary endpoint was stabilization or improvement in cardiac functional capacity as measured by Peak VO2 in patients treated with AT-001 1500mg twice daily (BID) compared to placebo.
Applied Therapeutics shares dipped 35.6% to $2.4498 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ainos, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) jumped 112.6% to $3.6805 after falling more than 12% on Thursday.</li>
<li>Revelstone Capital Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcac#NASDAQ">RCAC</a>) shares climbed 89.6% to $10.71. Revelstone Capital Acquisition cancelled special meeting to approve business combination with Set Jet, Inc.</li>
<li>Banzai International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnzi#NASDAQ">BNZI</a>) surged 74% to $2.92. Banzai International signed a non-binding letter of intent to acquire IGLeads, a cutting-edge automated lead generation platform.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) shares rose 56.5% to $2.1307. Safe And Green Development recently issued an update on LOI for acquisition of Xene AI Software platform.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) gained 30% to $7.67</li>
<li>Dermata Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drma#NASDAQ">DRMA</a>) rose climbed 27.8% to $0.78 after the company announced the issuance of a new patent in Japan for its DMT410 program for the treatment of hyperhidrosis.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) gained 27.2% to $8.05.</li>
<li>Swvl Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swvl#NASDAQ">SWVL</a>) gained 27.2% to $2.90.</li>
<li>PolyPid Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypd#NASDAQ">PYPD</a>) gained 25% to $8.44. PolyPid announced $16.2 million private placement of 3,371,312 shares at $4.81 per share.</li>
<li>AxoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) jumped 20.4% to $8.13 as the company reported preliminary unaudited revenue for fourth quarter and full-year 2023. The company also said President and Chief Executive Officer Karen Zaderej plans to retire from the Company by Jan. 2025.</li>
<li>Aurora Mobile Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jg#NASDAQ">JG</a>) jumped 19.2% to $3.79.</li>
<li>Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) rose 15.7% to $86.31 following first-quarter results.</li>
<li>The Greenbrier Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gbx#NYSE">GBX</a>) gained 13.8% to $50.50 following upbeat earnings.</li>
<li>Peloton Interactive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pton#NASDAQ">PTON</a>) rose 13.1% to $6.93.</li>
<li>Pinstripes Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnst#NYSE">PNST</a>) shares gained 12.4% to $5.92 after dipping over 35% on Thursday.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cycc#NASDAQ">CYCC</a>) rose 12.4% to $2.53.</li>
<li>Elanco Animal Health Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elan#NYSE">ELAN</a>) gained 8% to $15.72. Stifel analyst Jonathan Block upgraded Elanco Animal Health from Hold to Buy and raised the price target from $13 to $20.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) shares rose 7.2% to $0.3212 after falling around 5% on Thursday. Intelligent Bio Solutions recently received National Association of Testing Authorities accreditation for its Intelligent Fingerprinting Drug Screening Solution.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>agilon health, inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/agl#NYSE">AGL</a>) tumbled 35.1% to $7.84 after the company lowered its 2023 financial outlook.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atxi#NASDAQ">ATXI</a>) shares fell 33.7% to $0.2266. Avenue Therapeutics shares jumped over 94% on Thursday after the company announced it reached a final agreement with the FDA for the Phase 3 safety study for IV tramadol.</li>
<li>Medical Properties Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpw#NYSE">MPW</a>) fell 30.6% to $3.4699 after it disclosed plans to reduce its exposure to tenant Steward Health Care System. Keybanc analyst Austin Wurschmidt downgraded Medical Properties Trust from Overweight to Sector Weight.</li>
<li>AngioDynamics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ango#NASDAQ">ANGO</a>) dipped 22.6% to $6.00 after the company lowered its FY24 guidance.</li>
<li>Lucy Scientific Discovery Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lsdi#NASDAQ">LSDI</a>) fell 22% to $0.1949.</li>
<li>Voyager Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vygr#NASDAQ">VYGR</a>) fell 19.1% to $8.77. Voyager Therapeutics priced its public offering of 7,777,778 common shares at $9 per share.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) shares fell 17.4% to $0.1340. On Dec. 29, Verb Technology Company entered into a securities purchase agreement with Streeterville Capital where company sold and investor purchased 3,000 shares of the company&#39;s newly designated non-convertible Series C preferred stock for $3 million.</li>
<li>KORE Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kore#NYSE">KORE</a>) shares fell 14.8% to $1.04 after jumping over 60% on Thursday.</li>
<li>Allogene Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/allo#NASDAQ">ALLO</a>) shares declined 14.1% to $2.9050. Allogene Therapeutics and Foresight Diagnostics disclosed a partnership to develop MRD-based in-vitro diagnostic for use in ALPHA3, the first pivotal trial for frontline consolidation in large B-cell lymphoma. JMP Securities and Guggenheim downgraded the stock.</li>
<li>Omega Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omga#NASDAQ">OMGA</a>) declined 13.8% to $4.58.</li>
<li>CISO Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciso#NASDAQ">CISO</a>) shares fell 13.7% to $0.0901. CISO Global said the Nasdaq has determined to delist securities from Nasdaq.</li>
<li>Catalyst Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cprx#NASDAQ">CPRX</a>) shares fell 13.4% to $14.81 after announcing pricing of public offering of common stock.</li>
<li>Smart for Life, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smfl#NASDAQ">SMFL</a>) shares fell 12.3% to $1.6408 after jumping around 15% on Thursday.</li>
<li>Exscientia plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exai#NASDAQ">EXAI</a>) fell 10.8% to $5.84. B of A Securities analyst Michael Ryskin downgraded Exscientia from Buy to Neutral and lowered the price target from $11 to $9.</li>
<li>SAB Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabs#NASDAQ">SABS</a>) tumbled 9.1% to $5.90.</li>
<li>Sabine Royalty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbr#NYSE">SBR</a>) fell 8.7% to $63.02.</li>
<li>Dyne Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dyn#NASDAQ">DYN</a>) shares fell 8% to $17.84. Dyne Therapeutics priced its $300 million public offering of 17.15 million common stock at $17.50 per share.</li>
<li>Immunocore Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imcr#NASDAQ">IMCR</a>) dipped 7.3% to $64.61. Immunocore announced strategic priorities and pipeline expansion ahead of 42nd Annual J.P. Morgan Healthcare Conference presentation.</li>
<li>Theravance Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tbph#NASDAQ">TBPH</a>) shares fell 6.6% to $10.76 after the company announced results from Phase 4 YUPELRI PIFR-2 study. The company said study did not show a statistically significant difference between yupelri and spiriva handihaler on primary endpoint.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36509097/insiders-buying-synchronoss-technologies-and-2-other-stocks"> Insiders Buying Synchronoss Technologies And 2 Other Stocks</a>

Why Applied Therapeutics Shares Are Trading Lower By Over 35%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Wednesday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of $1.1431 per share. On Thursday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.1431 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own SBR as of the end of Wednesday's session are eligible to receive the $1.1431 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Sabine Royalty's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Monday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 72.08 cents per share. On Tuesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 72.08 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SBR as of the end of Monday's session are eligible to receive the 72.08 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SBR">Monitor live stock price updates for Sabine Royalty on Benzinga.</a>

Sabine Royalty's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 27.87 cents per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 27.87 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the 27.87 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/SBR">Track real-time stock fluctuations for Sabine Royalty on Benzinga.</a>

Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 32.05 cents per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 32.05 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the 32.05 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on July 31, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Monday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 46.55 cents per share. On Tuesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 46.55 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SBR as of the end of Monday's session are eligible to receive the 46.55 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Monday Is Your Last Chance To Buy Sabine Royalty Before The Dividend Payout

Monday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 63.73 cents per share. On Tuesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 63.73 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SBR as of the end of Monday's session are eligible to receive the 63.73 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 28, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 63.15 cents per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 63.15 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the 63.15 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 31, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Sabine Royalty <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Sabine Royalty's Ex-Dividend Date Is Friday, Here's What You Need To Know

WIIM

ARCH

CHRD

CIVI

ESTE

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PUMP

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VIST

Shares of several oil & gas companies are trading lower as oil prices fall amid macroeconomic uncertainty.

Thursday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a monthly dividend of $1.0167 per share. On Friday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $1.0167 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SBR as of the end of Thursday's session are eligible to receive the $1.0167 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 31, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy Sabine Royalty Before The Dividend Payout

BOOM

CEIX

DWSN

LTBR

SBOW

VNOM

Shares of several oil-related stocks are trading higher as oil rises amid reports suggesting OPEC+ is considering an oil production cut of 1 million barrels per day.

ARLP

BORR

ROCC

SHEL

SLCA

STNG

TALO

TRGP

WFRD

WTTR

Shares of several energy companies are trading lower amid strength in the dollar and raised fears of an economic slowdown as investors continue to assess Wednesday's Fed commentary and 75 bps rate hike.

Tuesday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a monthly dividend of 83.6 cents per share. On Wednesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 83.6 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SBR as of the end of Tuesday's session are eligible to receive the 83.6 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on September 29, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Sabine Royalty's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Looking for small cap and micro cap stocks offering solid dividend yields, with future growth potential. These three monthly paying <a href="https://www.benzinga.com/news/large-cap/22/08/28499389/these-5-dividend-payers-just-got-a-lot-more-attractive-seeking-passive-income-in-the-energy-sector">dividend stocks</a> are offering stable passive income for the rest of the year.
High-Yielding Monthly Dividend Stock #1: Ellington Financial Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/efc#NYSE">EFC</a>)
Dividend Yield: 11.49%
Annual Dividend: $1.60
Frequency: Monthly
Sector: Financials
Ellington Financial does not have a consistent track record of raising its dividends as it has raised them once in the last year. Ellington Financial is a micro cap specialty finance company&nbsp;that focuses on investing in residential <a href="https://www.benzinga.com/news/22/07/28066803/housing-beat-mortgage-rates-soar-again-non-qm-rides-on-the-best-and-worst-rental-markets">mortgage</a>-backed securities guaranteed by U.S. government agency or a U.S. government-sponsored entity, alternative A-paper, subprime residential mortgage loans, mortgage servicing rights, mortgage-related derivatives, commercial mortgage-backed securities and other commercial real estate debt.
In the second quarter of 2022, Ellington posted a net income loss of $64.9 million that was marked by extreme volatility, rising interest rates&nbsp;and weakness in both the fixed income and equity markets, said Laurence Penn, its president and CEO.
High-Yielding Monthly Dividend Stock #2: Sabine Royalty Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbr#NYSE">SBR</a>)
Dividend Yield: 8.89%
Annual Dividend: $6.46
Frequency: Monthly
Sector: Energy
Sabine Royalty Trust does not consistently raise dividends as it has raised dividends once in the last year. Sabine Royalty is an express <a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a>&nbsp;formed to receive Sabine Corporation&#39;s royalty and mineral interests, including landowner&#39;s royalties, overriding royalty interests, undeveloped oil and gas properties, minerals production payments, and any other similar, non-participatory interest, in certain Royalty Properties.
In the second quarter of 2022, Sabine Royalty increased income to $27 million compared to $12 million in last year&#39;s prior-quarter, up 125% year-over-year.
Go To:&nbsp;<a href="https://www.benzinga.com/real-estate/reit/22/08/28438429/four-reits-that-pay-monthly-dividends">Four REITS That Pay Monthly Dividends</a>
High-Yielding Monthly Dividend Stock #3: Gladstone Capital Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/glad#NYSE">GLAD</a>)
Dividend Yield: 7.53%
Annual Dividend: 81 cents&nbsp;
Frequency: Monthly
Sector: Financials
Gladstone Capital Corporation is another micro cap stock that has raised dividends once in the past year. Gladstone Capital is an externally managed, closed-end, non-diversified management investment company with investment objectives to grow current income by investing in debt securities of established businesses that would provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time.
In the third quarter of 2022, Gladstone invested $48.7 million in three new portfolio companies and $18.6 million in existing portfolio companies, while receiving $6.3 million in repayments and net proceeds.

Wednesday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>).
<h3>What&#39;s Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of 55 cents per share. On Thursday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 55 cents lower than it would have opened on any other day.
In order to be eligible to receive a company&#39;s dividend, shareholders must own the stock prior to the ex-dividend date&mdash;in this case, Thursday. Shareholders who own SBR as of the end of Wednesday&#39;s session are eligible to receive the 55 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on July 29, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
To read more news on Sabine Royalty <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

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Shares of energy companies are trading lower despite a gain in crude futures. Wednesday's Fed rate hike decision has pressured equities across sectors while recent pressure from US President Biden on oil companies could be further impacting the sector.

Monday marks the last chance for investors to receive the next dividend payout from Sabine Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBR#NYSE">SBR</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 72 cents per share. On Tuesday, Sabine Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 72 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SBR as of the end of Monday's session are eligible to receive the 72 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on June 29, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Sabine Royalty <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Amid rising geopolitical tensions and a promising demand outlook, oil prices might experience an uptick. Therefore, fundamentally strong energy stocks, California Resources (CRC), Sabine Royalty (SBR), and Energy Transfer (ET), offering high dividends and growth, might be ideal stocks to keep track of. Keep reading… The oil and gas industry is seeing strong demand at the moment. Given the industry tailwinds, it could be wise to look into fundamentally sound energy stocks, California Resources Corporation (<a href="https://stocknews.com/stock/CRC/">CRC</a>), Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>), and Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), offering high dividends and growth.
<a href="https://www.iea.org/reports/oil-market-report-july-2024">Benchmark crude oil prices bounced back from six-month lows</a> over the course of June after OPEC+ officials stated that unwinding voluntary production cuts would depend on market conditions and as geopolitical risks remained high.
Simultaneously, <a href="https://www.iea.org/reports/gas-market-report-q3-2024">natural gas prices increased</a> across all key markets in the second quarter of 2024, reflecting tighter market fundamentals. For the full year of 2024, natural gas demand is forecast to increase by 2.5% in 2024, primarily driven by fast-growing Asian markets.
As tight market conditions prevail, let's analyze the fundamental aspects of the featured <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> stocks, starting with the third choice.
Stock #3: California Resources Corporation (<a href="https://stocknews.com/stock/CRC/">CRC</a>)
CRC operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers with access to transportation and storage facilities. 
CRC pays an annual dividend of $1.55 per share, which translates to a yield of 2.99% on the current share price. Its four-year average dividend yield is 1.25%.
In terms of forward EV/Sales, CRC's 1.65x is 18.4% lower than the industry average of 2.02x. Additionally, its 10.08x forward EV/EBIT is 2.1% lower than the industry average of 10.30x.
CRC's revenue grew at a CAGR of 4.5% over the past three years. In addition, its total assets grew at a CAGR of 11.5% over the same time frame.
CRC's total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> were reported at $514 million during the second quarter that ended June 30, 2024. Its operating income stood at $38 million. Its net income came in at $8 million, and adjusted net income per share grew 13.2% year-over-year to $0.60.
Analysts expect CRC's revenue for the third quarter (ending September 2024) to increase 118% year-over-year to $1 billion, and its EPS for the ongoing quarter is expected to grow 57.2% year-over-year to $1.60.
Shares of CRC have surged 11.2% over the past three months to close the last trading session at $52.50.
CRC's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. CRC has a B grade for Growth. It is ranked #53 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy - Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have CRC ratings for Quality, Momentum, Sentiment, Value, and Stability. Get all CRC ratings <a href="https://stocknews.com/stock/CRC/">here</a>.
Stock #2: Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>)
SBR holds royalty and mineral interests in various oil and gas production 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 interests in certain producing and proved undeveloped oil and gas properties.
SBR pays an annual dividend of $5.41 per share, which translates to a yield of 8.40% on the current share price. Its four-year average dividend yield is 8.89%.
SBR's revenue grew at a CAGR of 35.9% over the past three years. In addition, its total assets grew at a CAGR of 19.2% over the same time frame.
For the fiscal first quarter that ended March 31, SBR's royalty income increased 13.4% year-over-year to $27.14 million, while its distributable income increased 14.2% year-over-year to $26.28 million. Moreover, its distributable income per unit increased 13.9% year-over-year to $1.80.
The company's stock has gained 3.5% over the past year to close the last trading session at $65.19.
SBR's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Sentiment, and Quality. SBR is ranked #10 in the same industry.
<a href="https://stocknews.com/stock/SBR/">Click here</a> to access all SBR ratings (Momentum, Value, and Stability).
Stock #1: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. The company owns and operates a natural gas transportation pipeline and natural gas storage facilities in Texas and Oklahoma, as well as approximately 20,090 miles of interstate natural gas pipeline.
On July 16, ET and Sunoco LP (<a href="https://stocknews.com/stock/SUN/">SUN</a>) entered into a joint venture combining their crude oil and produced water-gathering assets in the Permian Basin. ET will hold 67.5% interest in the joint venture, while Sunoco holds 32.5% interest.
Also, ET completed its previously announced acquisition of WTG Midstream Holdings LLC on the same day. Total consideration for the transaction was $2.28 billion in cash and nearly 50.8 million newly issued ET common units. The acquisition expanded the Permian Basin pipeline and processing network, providing further access to growing supplies of natural gas and NGLs.
ET pays an annual dividend of $1.28 per share, which translates to a yield of 7.93% on the current share price. Its four-year average dividend yield is 8.99%. The company's dividend payouts have grown at a CAGR of 27.5% over the past three years.
In terms of forward EV/Sales, ET's 1.44x is 28.6% lower than the industry average of 2.02x. Additionally, its 8.26x and 13.04x forward EV/EBITDA and EV/EBIT are 37.9% and 26.6% lower than the industry averages of 5.99x and 10.30x, respectively.
ET's revenue grew at a CAGR of 17.1% over the past three years. In addition, its total assets grew at a CAGR of 8% over the same time frame.
For the second quarter that ended June 30, 2024, ET's revenues increased 13.2% year-over-year to $20.73 billion. Its operating income grew 25% from the year-ago value to $2.30 billion. Its net income came in at $1.99 billion, up 61.8% from the prior year's quarter. In addition, the company's net income per common unit increased 40% year-over-year to $0.35.
For the quarter ending September 30, 2024, ET's EPS is expected to increase 120.3% year-over-year to $0.33. Its revenue for the same quarter is expected to increase 13.2% year-over-year to $23.47 billion.
Over the past year, ET's stock has gained 22.4% to close the last trading session at $16.11.
ET's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. 
The stock has an A grade for Growth and a B for Sentiment, Momentum, and Stability. Within the same industry, ET is ranked #4.
<a href="https://stocknews.com/stock/ET/">Click here</a> to access additional ET ratings for Quality and Sentiment.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
ET shares were trading at $15.92 per share on Tuesday afternoon, down $0.19 (-1.18%). Year-to-date, ET has gained 22.73%, versus a 18.97% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/et-crc-sbr-sun-3-energy-stocks-offering-high-dividends-and-growth/>3 Energy Stocks Offering High Dividends and Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks Offering High Dividends and Growth

Sabine Royalty Trust  declares $0.4213 dividend

Although global oil demand is projected to grow, it's happening more slowly. In this climate, investing in fundamentally sound companies such as EOG Resources, Inc. (EOG), Energy Transfer LP (ET), and Sabine Royalty Trust (SBR) could be wise. These firms offer not just reliable dividend income but also strong potential for long-term growth. Continue reading… Oil prices have recently <a href="https://www.reuters.com/markets/commodities/oil-steady-supply-disruptions-storm-francine-offset-weak-demand-2024-09-10/">hit their lowest levels</a> in years, with Brent crude falling to $69.19 per barrel and U.S. West Texas Intermediate (WTI) settling at $65.75, driven by concerns over weakening global demand. In this environment, income-seeking investors are turning to high-yield oil stocks that can provide a buffer against volatility.
Below, I have highlighted three such quality dividend-paying stocks: EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>), Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), and Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>), which could provide stable returns to your portfolio.
The downward pressure follows a revision by the Organization of the Petroleum Exporting Countries (OPEC), which lowered its demand forecasts for 2024 and 2025, stoking fears of an oversupplied market. On Tuesday, OPEC adjusted its global oil demand forecast, projecting a rise of 2.03 million barrels per day (bpd) in 2024, down from last month's forecast for growth of 2.11 million bpd. It also lowered its 2025 demand growth outlook, reducing it <a href="https://www.reuters.com/business/energy/opec-again-lowers-2024-2025-global-oil-demand-growth-view-2024-09-10/#:~:text=On%20Tuesday%2C%20OPEC%20in%20a,first%20made%20in%20July%202023.">from 1.78 million bpd to 1.74 million bpd</a>.
Meanwhile, the U.S. Energy Information Administration (EIA) provided a more optimistic outlook for 2024. The EIA expects global oil demand to hit a new record, averaging <a href="https://www.reuters.com/business/energy/us-eia-lifts-oil-demand-forecast-says-prices-will-recover-above-80bbl-2024-09-10/">103.1 million barrels per day</a>, 200,000 barrels higher than its prior forecast. Despite this, oil prices remained under pressure, largely due to lingering concerns about China's economic slowdown, which casts a shadow over the global market.
Given this backdrop, let's analyze the fundamental aspects of the featured <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, starting with the third choice.
Stock #3: Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>)
SBR holds royalty and mineral interests in various oil and gas production 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 interests in certain producing and proved undeveloped oil and gas properties.
On September 6, the company declared a cash distribution to the holders of its units of beneficial interest of $0.421310 per unit, payable on September 30, 2024, to unit holders of record on September 16, 2024.
SBR pays an annual <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $5.06 per unit, which translates to a yield of 8.42% on the current share price. Its four-year average dividend yield is 8.90%. The company's dividend payouts have grown at a CAGR of 34.4% over the past three years.
SBR's trailing-12-month gross profit margin of 100% is 122.1% higher than the 45.03% industry average. Similarly, the stock's trailing-12-month EBIT and net income margins of 97.16% and 96.48% favorably compare to their respective industry averages of 20.68% and 11.70%.
For the fiscal second quarter that ended June 30, 2024, SBR's royalty income increased 29.7% year-over-year to $22.61 million, while its distributable income increased 32.2% year-over-year to $22.08 million. In addition, its distributable income per unit increased 31.3% year-over-year to $1.51.
Moreover, its revenue and EBIT have grown at impressive CAGRs of 34.8% and 36.9%, respectively, over the past three years. Also, its EPS has increased at a 36.9% CAGR over the same period.
However, the stock has lost 2.2% over the past six months to close the last trading session at $60.03.
SBR's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Growth, Sentiment, and Quality. SBR is ranked #11 out of 80 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry. <a href="https://stocknews.com/stock/SBR/">Click here</a> to access all SBR ratings (Value, Momentum, and Stability).
Stock #2: EOG Resources, Inc. (<a href="https://stocknews.com/stock/EOG/">EOG</a>)
EOG is a crude oil and natural gas exploration and production company. It explores, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas, primarily in major producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.
On August 1, the company's Board of Directors declared a dividend of $0.91 per share on EOG's common stock. The dividend will be payable on October 31, 2024, to stockholders of record as of October 17, 2024.
With six years of consecutive dividend growth, EOG pays an annual dividend of $5.14 per share, which translates to a yield of 4.36% on the current share price. Its four-year average dividend yield is 4.76%. Moreover, the company's dividend payouts have increased at CAGRs of 31.2% and 30.3% over the past three and five years, respectively.
EOG's trailing-12-month gross profit and EBITDA margins of 62.73% and 56% are 39.3% and 58.8% higher than the industry averages of 45.03% and 35.27%, respectively. Likewise, its 27.06% trailing-12-month ROCE compares favorably to the 13.06% industry average.
During the second quarter (ended June 30, 2024), EOG's total revenue increased 8.1% year-over-year to $6.03 billion. Its operating income grew 8.1% from the year-ago value to $2.13 billion. The company's adjusted net income amounted to $1.81 billion and $3.16 per share, reflecting a 24% and 26.9% year-over-year growth, respectively. In addition, its free cash flow stood at $1.37 billion, up 31.9% year-over-year.
Street expects EOG's EPS for the fiscal year ending December 2024 to increase 4% year-over-year to $12.16. Its revenue for the current year is projected to grow by 2.2% from the year-ago value to $24.72 billion.
In addition, the stock's revenue and EBITDA have grown at CAGRs of 20.4% and 28% over the past three years, respectively. Similarly, its EPS has improved at a 58.8% CAGR over the same time frame.
EOG's shares have gained 74.7% over the past year and 44.3% year-to-date to close the last trading session at $117.90.
It's no surprise that EOG has an overall rating of B, which equates to Buy in our proprietary rating system. It has an A grade for Quality and a B for Stability. Out of 80 stocks in the same industry, it is ranked #10.
In addition to the POWR Ratings we've stated above, we also have EOG's ratings for Growth, Value, Momentum, and Sentiment. Get all EOG ratings <a href="https://stocknews.com/stock/EOG/">here</a>.
Stock #1: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET provides energy-related services. It owns and operates a natural gas transportation pipeline, natural gas storage facilities, and nearly 20,090 miles of interstate natural gas pipeline. The company also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.
On August 9, ET paid its unitholders a dividend of $0.32 per common unit for the second quarter, reflecting an increase of 3.2% year-over-year. The company pays an annual distribution of $1.28 per unit, which translates to a yield of 8.07% on the current share price. Its four-year average dividend yield is 8.86%.
On July 15, the company acquired WTG Midstream Holdings LLC for $2.28 billion in cash and 50.8 million newly issued ET common units. The acquisition expands ET's Midland Basin network with 6,000 miles of gas-gathering pipelines, eight gas processing plants with a capacity of 1.3 Bcf/d, and two additional plants under construction.
Moreover, the deal is expected to boost NGL and natural gas volumes, generating additional revenue from gathering, processing, and transportation fees. ET anticipates that the WTG assets will increase Distributable Cash Flow by $0.04 per unit in 2025, rising to $0.07 by 2027.
The stock's trailing-12-month asset turnover ratio of 0.74x is 48.9% higher than the industry average of 0.50x. Likewise, its 13.59% trailing-12-month ROCE is 4.1% above the industry average of 7.39%.
ET's revenues increased 13.1% year-over-year to $20.73 billion during the second quarter that ended June 30, 2024. Its operating income grew 25.2% from the year-ago value to $2.29 billion. Net income attributable to partners came in at $1.31 billion and $0.35 per common unit, up 44.2% and 40% from the prior year's quarter, respectively.
Furthermore, the company's adjusted EBITDA increased 20.4% year-over-year to $3.76 billion. And its adjusted distributable cash flow rose 31.2% from the year-ago value to $2.04 billion.
Analysts expect ET's revenue for the third quarter (ending September 2024) to increase 13.2% year-over-year to $23.47 billion. Its EPS for the same quarter is expected to improve 120.3% from the prior year to $0.37. For the fiscal year 2024, the company's revenue and EPS are expected to grow 13.3% and 31.6% year-over-year to $89.01 billion and $1.43, respectively.
Over the past three years, its revenue and net income have grown at respective CAGRs of 17.1% and 5.8%. Likewise, its levered FCF has increased at a 5.9% CAGR over the same time frame.
Shares of ET have surged 19.6% over the past nine months to close the last trading session at $15.87.
ET's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Value, Momentum, and Stability. ET is ranked #2 in the same industry. To see additional POWR Ratings of ET for Sentiment and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
EOG shares were trading at $118.13 per share on Thursday afternoon, up $0.23 (+0.20%). Year-to-date, EOG has declined -0.20%, versus a 18.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/eog-et-sbr-3-oil-stocks-with-high-yields-to-buy-now/>3 Oil Stocks With High Yields to Buy Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil Stocks With High Yields to Buy Now

Sabine Royalty Trust Still Has Significant Downside Risk

Sabine Royalty Trust  declares $0.4358 dividend

Viper Energy Stock Up But Still Attractive

Heightened tensions in the Middle East have ignited a surge in oil prices, casting a spotlight on the energy sector and amplifying its allure. Hence, fundamentally sound energy stocks Sabine Royalty (SBR), Obsidian Energy (OBE), and Energy Transfer (ET), each boasting formidable growth potential, might emerge as opportune buys for investors seeking resilience and upside in today's market. Read on... While the ongoing conflict between Hamas and Israel has raised concerns about potential supply chain disruptions, both the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) maintain a confident outlook. In light of this situation, we present quality energy stocks, Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>), Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>), and Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>),  that are well-positioned for strong growth as oil prices surge.
As tensions intensify across the Middle East, energy markets are keenly attuned to the surging oil prices, which have experienced a <a href="https://www.bbc.com/news/articles/cgry10924jqo">noteworthy increase</a> of nearly by the start of October, reaching approximately $78 per barrel.
OPEC forecasts <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">a 24% increase</a> in global energy demand between 2024 and 2050, anticipating robust medium-term growth in oil consumption, which is projected to reach 112.3 million barrels per day by 2029. Similarly, the IEA anticipates a global demand for natural gas to <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">rise by more than 2.5%</a> in 2024, with similar growth projected for 2025.
With these trends in focus, let's examine the fundamentals of three <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, starting with #3.
Stock #3: Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>)
SBR holds royalty and mineral interests in various oil and gas production 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 interests in certain producing and proved undeveloped oil and gas properties.
On October 4, SBR announced a monthly cash distribution to the holders of its units of beneficial interest of $0.435840 per unit, payable on October 29, 2024. It pays an annual <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend </a>of $5.23 per unit, which translates to a yield of 8.57% on the current share price. Its four-year average dividend yield is 8.95%. The company's dividend payouts have grown at a CAGR of 32.3% over the past three years.
Over the past three years, SBR's revenue and EBITDA have grown at CAGRs of 34.8% and 36.9%, respectively.
For the fiscal second quarter that ended June 30, 2024, SBR's royalty income increased 29.7% year-over-year to $22.61 million, while its distributable income increased 32.2% year-over-year to $22.08 million. In addition, its distributable income per unit increased 31.3% year-over-year to $1.51.
The stock climbed 8.9% year-to-date to close the last trading session at $61.02.
SBR's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Growth, Sentiment, and Quality. SBR is ranked #9 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
Click <a href="https://stocknews.com/stock/SBR/">here</a> to access all SBR ratings (Value, Momentum, and Stability).
Stock #2: Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE is engaged in the exploration, production, and development of oil and natural gas properties in Western Canada.
Over the past three years, OBE's revenue and EBITDA have grown at CAGRs of 22.2% and 37.6%, respectively.
OBE's total production increased 20.6% year-over-year to 39,714 boe/d during the fiscal third quarter that ended September 30, 2024. The company's net income stood at CAD 33.20 million ($23.85 million) and CAD 0.42 per share, up 33.9% and 40% from the previous year's quarter, respectively.
Analysts expect OBE's revenue for the fiscal year (ending December 2024) to increase 12.6% year-over-year to $601.86 million, and its EPS is expected to grow 42% year-over-year to $1.35 in the same year.
Shares of OBE have gained marginally over the past year and 1.8% over the past month to close the last trading session at $5.67.
OBE's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Value, and Sentiment. Within the same industry, OBE is ranked #4.
Access additional OBE ratings for Momentum, Quality, and Stability <a href="https://stocknews.com/stock/OBE/">here</a>.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET operates natural gas transportation pipelines and storage facilities in Texas and Oklahoma, managing around 20,090 miles of interstate pipelines. The company's strategic network extends across 44 states, connecting key assets in U.S. production basins.
On October 28, ET announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024, which represents a rise of 3.2% compared to the third quarter of 2023.
Over the past three years, OBE's revenue and net income have grown at CAGRs of 17.1% and 5.8%, respectively.
In the fiscal second quarter that ended June 30, 2024, ET's revenues increased 13.1% year-over-year to $20.73 billion. Its operating income grew 25.2% from the year-ago value to $2.30 billion. Additionally, ET's net income came in at $1.99 billion, or $0.35, per share, increasing 61.6% and 40% year-over-year.
Analysts expect ET's EPS and revenue for the quarter ended September 30, 2024, to increase 131.2% and 4.1% year-over-year to $0.35 and $21.59 billion, respectively.
Over the past year, the stock has gained 24.6% to close the last trading session at $16.48. It soared 18.7% year-to-date.
ET's POWR Ratings reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
ET has an A grade for Growth and a B for Value, Momentum, Stability, and Sentiment. Within the same industry, it is ranked #2.
To see ET's ratings for Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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ET shares were trading at $16.50 per share on Friday morning, up $0.02 (+0.12%). Year-to-date, ET has gained 27.20%, versus a 22.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/et-sbr-obe-3-energy-stocks-poised-for-strong-growth-as-oil-prices/>3 Energy Stocks Poised for Strong Growth as Oil Prices Surge</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks Poised for Strong Growth as Oil Prices Surge

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