Zacks: Brokerages Set $2.00 Target Price for Permianville Royalty Trust (NYSE:PVL)

Permianville Royalty Trust (NYSE:PVL) has received a consensus 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.

Brokers have set a 1 year consensus price objective of $2.00 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Permianville Royalty Trust an industry rank of 39 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Consolidated-Tomoka Land from a “buy” rating to a “hold” rating in a research report on Friday.

PVL traded down $0.02 on Friday, reaching $2.66. 31,900 shares of the company’s stock were exchanged, compared to its average volume of 83,242. The firm has a market capitalization of $89.10 million, a PE ratio of 1.80 and a beta of 1.46. Permianville Royalty Trust has a twelve month low of $1.70 and a twelve month high of $3.75. The business has a fifty day moving average price of $2.70.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $9.84 million for the quarter. Permianville Royalty Trust had a net margin of 32.16% and a return on equity of 15.37%. Research analysts anticipate that Permianville Royalty Trust will post 0.24 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.50 dividend on an annualized basis and a yield of 18.95%.

Permianville Royalty Trust Company Profile

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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