Permianville Royalty Trust (NYSE:PVL) Announces Earnings Results

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

Permianville Royalty Trust Trading Up 1.9%

NYSE PVL traded up $0.04 during trading on Friday, reaching $1.85. The company’s stock had a trading volume of 72,712 shares, compared to its average volume of 68,384. The firm has a market capitalization of $60.89 million, a price-to-earnings ratio of 18.45 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. The firm has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.79.

Permianville Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.03 dividend. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.02. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 19.5%. Permianville Royalty Trust’s dividend payout ratio is presently 360.00%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permianville Royalty Trust in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average 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.