Shares of Permianville Royalty Trust (NYSE:PVL) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus target price of $2.00 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Permianville Royalty Trust an industry rank of 43 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Permianville Royalty Trust from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Friday, July 19th.
NYSE:PVL traded up $0.07 during mid-day trading on Monday, hitting $2.50. The company’s stock had a trading volume of 44,500 shares, compared to its average volume of 45,609. Permianville Royalty Trust has a 1 year low of $1.70 and a 1 year high of $3.75. The stock has a market cap of $80.85 million, a price-to-earnings ratio of 1.63 and a beta of 1.47. The business’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.86.
The firm also recently declared a monthly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.021 dividend. This represents a $0.25 annualized dividend and a yield of 10.08%. The ex-dividend date was Tuesday, July 30th.
About Permianville Royalty Trust
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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