Permianville Royalty Trust (NYSE:PVL) Announces Quarterly Earnings Results

Permianville Royalty Trust (NYSE:PVL) posted its quarterly earnings data on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $11.57 million for the quarter. Permianville Royalty Trust had a net margin of 5.79% and a return on equity of 7.18%.

Permianville Royalty Trust Stock Up 1.9%

Shares of PVL opened at $1.85 on Friday. The company has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $1.80. The stock has a market cap of $60.89 million, a price-to-earnings ratio of 26.36 and a beta of 0.33. Permianville Royalty Trust has a 12 month low of $1.30 and a 12 month high of $2.04.

Permianville Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were given a $0.03 dividend. This represents a c) annualized dividend and a yield of 19.5%. This is a boost from Permianville Royalty Trust’s previous monthly dividend of $0.02. The ex-dividend date of this dividend was Friday, October 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 514.29%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Permianville Royalty Trust in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Permianville Royalty Trust has a consensus rating of “Hold”.

About Permianville Royalty Trust

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.