Permianville Royalty Trust (NYSE:PVL) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $2.00 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Permianville Royalty Trust an industry rank of 39 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research note on Friday.
PVL traded down $0.02 during midday trading on Friday, hitting $2.66. 31,900 shares of the company were exchanged, compared to its average volume of 83,242. The firm has a market capitalization of $89.10 million, a price-to-earnings ratio of 1.80 and a beta of 1.46. The business has a 50 day moving average price of $2.70. Permianville Royalty Trust has a 1-year low of $1.70 and a 1-year high of $3.75.
Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, May 10th. The company reported $0.03 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a net margin of 32.16% and a return on equity of 15.37%. The business had revenue of $9.84 million for the quarter. On average, analysts expect that Permianville Royalty Trust will post 0.24 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.042 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 18.95%.
Permianville Royalty Trust Company Profile
Permianville Royalty Trust operates a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.
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