Brokerages Anticipate Permianville Royalty Trust (NYSE:PVL) to Announce $0.05 EPS

Shares of Permianville Royalty Trust (NYSE:PVL) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus target price of $2.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Permianville Royalty Trust an industry rank of 100 out of 256 based on the ratings given to related companies.

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 for the company in a research note on Friday, July 19th.

NYSE PVL traded up $0.01 during mid-day trading on Friday, reaching $2.46. 57,541 shares of the stock were exchanged, compared to its average volume of 44,365. Permianville Royalty Trust has a one year low of $1.70 and a one year high of $3.75. The company has a 50 day moving average of $2.67. The stock has a market cap of $83.82 million, a PE ratio of 1.69 and a beta of 1.47.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, May 10th. The company reported $0.03 earnings per share 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 during the quarter. Research analysts expect that Permianville Royalty Trust will post 0.24 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a $0.021 dividend. This represents a $0.25 annualized dividend and a yield of 10.24%. The ex-dividend date is 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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