Permianville Royalty Trust (NYSE:PVL) Announces Earnings Results
Permianville Royalty Trust announced its quarterly earnings, reporting $0.02 EPS, a 7.18% return on equity, and a 5.79% net margin. The stock rose 1.9% to $1.85, with a market cap of $60.89 million. The company increased its monthly dividend to $0.03, yielding 19.5%. Weiss Ratings maintained a 'hold' rating. The trust operates in oil and gas production in Texas, Louisiana, and New Mexico.
Permianville Royalty Trust (NYSE:PVL - Get Free Report) 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%
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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".
Read Our Latest Stock Analysis on Permianville Royalty Trust
About Permianville Royalty Trust
(Get Free Report)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.
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