Permianville Royalty Trust (NYSE:PVL) Posts Earnings Results

Permianville Royalty Trust (NYSE:PVL) issued its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, Zacks reports. Permianville Royalty Trust had a net margin of 12.60% and a return on equity of 13.73%.

Permianville Royalty Trust Trading Up 0.6 %

Shares of NYSE:PVL traded up $0.01 during midday trading on Wednesday, reaching $1.52. The company had a trading volume of 185,071 shares, compared to its average volume of 79,238. The company’s 50 day moving average price is $1.47 and its 200 day moving average price is $1.52. The stock has a market cap of $50.13 million, a P/E ratio of 7.23 and a beta of 0.89. Permianville Royalty Trust has a 52-week low of $1.03 and a 52-week high of $1.96.

Permianville Royalty Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.0085 dividend. The ex-dividend date is Monday, March 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 57.14%.

About Permianville Royalty Trust

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of 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.