Permianville Royalty Trust (PVL) to Post Earnings on Thursday

Permianville Royalty Trust (NYSE:PVL) is projected to issue its results after the market closes on Thursday, August 13th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $8.70 million for the quarter.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.The business had revenue of $11.05 million for the quarter, compared to the consensus estimate of $8.90 million.

Permianville Royalty Trust Price Performance

Shares of PVL stock opened at $1.74 on Wednesday. The stock’s fifty day moving average price is $1.75 and its 200 day moving average price is $1.81. Permianville Royalty Trust has a 1-year low of $1.58 and a 1-year high of $2.04. The company has a market cap of $57.42 million, a price-to-earnings ratio of 11.60 and a beta of 0.12.

Permianville Royalty Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.015 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. Permianville Royalty Trust’s payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Permianville Royalty Trust presently has an average rating of “Hold”.

Institutional Trading of Permianville Royalty Trust

Several large investors have recently added to or reduced their stakes in PVL. Susquehanna International Group LLP lifted its holdings in shares of Permianville Royalty Trust by 239.2% during the third quarter. Susquehanna International Group LLP now owns 94,421 shares of the company’s stock worth $171,000 after purchasing an additional 66,583 shares during the period. Citadel Advisors LLC increased its stake in shares of Permianville Royalty Trust by 326.0% in the third quarter. Citadel Advisors LLC now owns 28,028 shares of the company’s stock worth $51,000 after acquiring an additional 40,428 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of Permianville Royalty Trust in the third quarter worth $37,000. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located primarily in the Permian Basin of West Texas and southeastern New Mexico. Organized as a statutory royalty trust, it provides investors with exposure to production revenues from established hydrocarbon reservoirs without engaging directly in exploration or development activities.

The trust’s assets consist of net profits interests in wells that produce crude oil, natural gas and natural gas liquids.