Investing.com - PermRock Royalty reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
PermRock Royalty announced earnings per share of $0.280 on revenue of $3.54M. Analysts polled by Investing.com anticipated EPS of $0.132 on revenue of $6.92M.
PermRock Royalty shares are up 12.71% from the beginning of the year and are trading at $7.890 , down-from-52-week-high.
PermRock Royalty follows other major Energy sector earnings this month
PermRock Royalty's report follows an earnings beat by Exxon Mobil on October 28, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on October 28 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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