Permianville Royalty Trust (NYSE:PVL) Announces Quarterly 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%. The firm had revenue of $14.27 million during the quarter.

Permianville Royalty Trust Stock Up 2.0 %

NYSE PVL opened at $1.55 on Friday. The business’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.52. The firm has a market cap of $51.15 million, a P/E ratio of 7.38 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 Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.0085 per share. The ex-dividend date of this dividend is Monday, March 31st. Permianville Royalty Trust’s dividend payout ratio (DPR) is 38.10%.

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.