Permianville Royalty Trust (NYSE:PVL) Issues Earnings Results

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

Permianville Royalty Trust Price Performance

Shares of NYSE:PVL traded up $0.01 on Wednesday, reaching $1.52. 185,071 shares of the company traded hands, compared to its average volume of 79,238. The company’s 50 day moving average is $1.47 and its 200-day moving average is $1.52. The stock has a market capitalization of $50.13 million, a PE ratio of 7.23 and a beta of 0.89. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $1.96.

Permianville Royalty Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0085 per share. The ex-dividend date is Monday, March 31st. Permianville Royalty Trust’s payout ratio 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.