Zacks: Permianville Royalty Trust (NYSE:PVL) Given $2.00 Average Price Target by Brokerages

Permianville Royalty Trust (NYSE:PVL) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment 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 anticipating that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Permianville Royalty Trust an industry rank of 43 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Permianville Royalty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th.

Shares of NYSE:PVL traded down $0.04 during midday trading on Thursday, reaching $2.31. The company’s stock had a trading volume of 62,100 shares, compared to its average volume of 76,596. Permianville Royalty Trust has a fifty-two week low of $1.70 and a fifty-two week high of $3.71. The company has a market capitalization of $77.55 million, a P/E ratio of 1.57 and a beta of 1.46. The business’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.79.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, August 9th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. Permianville Royalty Trust had a return on equity of 14.31% and a net margin of 30.04%. The company had revenue of $12.70 million during the quarter. Equities analysts predict that Permianville Royalty Trust will post 0.24 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.044 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 22.86%. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.02. The ex-dividend date was Friday, September 27th.

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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