Permianville Royalty Trust (NYSE:PVL) Issues Quarterly Earnings Results

Key Points

• Permianville Royalty Trust reported earnings of $0.01 per share for the quarter, with revenue of $11.22 million.
• The company has a net margin of 4.64% and a return on equity of 6.28%.
• As of Friday, the stock price is $1.82, reflecting its 12-month low of $1.30 and a high of $2.00.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) announced its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports. Permianville Royalty Trust had a net margin of 4.64% and a return on equity of 6.28%. The company had revenue of $11.22 million during the quarter.

Permianville Royalty Trust Price Performance

NYSE PVL traded down $0.04 during trading on Friday, hitting $1.82. 39,208 shares of the company's stock traded hands, compared to its average volume of 66,879. The stock has a fifty day moving average of $1.83 and a two-hundred day moving average of $1.61. Permianville Royalty Trust has a 12-month low of $1.30 and a 12-month high of $2.00. The firm has a market cap of $60.06 million, a P/E ratio of 20.22 and a beta of 0.46.

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.

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