Keep Your Eyes on This Stock: CroS Timbers Royalty Trust (NYSE:CRT)

On Friday, CroS Timbers Royalty Trust (NYSE:CRT) ended the last transaction at $9.25, with a change of +0.87% or +0.08 points. The company has a market worth of $55.5M. It holds an average volume of 23,804 shares. In recent session, the stock hit the peak level of $9.46 and touched to lowest level of $9.09.

Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (CRT), recently reported a cash distribution to the holders of its units of beneficial interest of $0.048859 per unit, payable on October 15, 2019, to unit holders of record on September 30, 2019.

Excess Costs
XTO Energy has advised the Trustee that $72,000 of excess costs was recovered on properties underlying the Texas Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month’s distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests after the current month’s distribution total $2.0M, including accrued interest of $316,000.

XTO Energy has advised the Trustee that excess costs increased by $194,000 on properties underlying the Oklahoma Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests after the current month’s distribution total $0.2M.

CRT net profit margin of the firm was recorded at 92.50% and operating profit margin was calculated at 93.30%. Beta factor, which measures the riskiness of the security, was registered at 0.87.

Leave a Reply

Your email address will not be published. Required fields are marked *