ValuEngine Downgrades Perot Systems (PER) to Hold

ValuEngine downgraded shares of Perot Systems (NYSE:PER) from a buy rating to a hold rating in a research report released on Monday.

NYSE PER traded up $0.05 during trading hours on Monday, hitting $1.95. The company’s stock had a trading volume of 54,579 shares, compared to its average volume of 211,302. The firm has a market capitalization of $99.75, a P/E ratio of 4.04 and a beta of 0.88. Perot Systems has a twelve month low of $1.80 and a twelve month high of $3.30.

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Perot Systems (NYSE:PER) last posted its earnings results on Thursday, March 15th. The oil and gas producer reported $0.10 earnings per share for the quarter. The company had revenue of $6.52 million for the quarter. Perot Systems had a net margin of 84.52% and a return on equity of 18.56%.

A number of institutional investors and hedge funds have recently bought and sold shares of PER. Deutsche Bank AG acquired a new stake in Perot Systems in the fourth quarter worth $739,000. Renaissance Technologies LLC acquired a new stake in Perot Systems in the fourth quarter worth $713,000. Virtu Financial LLC raised its holdings in Perot Systems by 437.9% in the fourth quarter. Virtu Financial LLC now owns 151,279 shares of the oil and gas producer’s stock worth $311,000 after purchasing an additional 123,153 shares during the period. Two Sigma Securities LLC acquired a new stake in Perot Systems in the fourth quarter worth $163,000. Finally, Susquehanna International Group LLP raised its holdings in Perot Systems by 144.3% in the third quarter. Susquehanna International Group LLP now owns 52,964 shares of the oil and gas producer’s stock worth $151,000 after purchasing an additional 31,280 shares during the period. Institutional investors own 6.19% of the company’s stock.

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Perot Systems Company Profile

SandRidge Permian Trust holds royalty interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. It has proved developed reserves of approximately 0.3 million barrels of oil equivalent. The company was founded in 2011 and is based in Houston, Texas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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