Permianville Royalty Trust (PVL) Expected to Announce Earnings on Thursday

Key Points

• Permianville Royalty Trust (PVL) is expected to report results after the close on Thursday, May 14, with analysts forecasting EPS of $0.02 and $8.9 million in revenue.
• In the prior quarter PVL posted $0.08 EPS, beating estimates, and reported revenue of $13.71 million versus the $8.9 million consensus.
• The trust declared a $0.01 monthly dividend payable May 15 (record/ex-dividend April 30), implying a 6.3% yield but a high 109.09% payout ratio, which may raise sustainability concerns.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) is expected to post its results after the market closes on Thursday, May 14th. Analysts expect Permianville Royalty Trust to post earnings of $0.02 per share and revenue of $8.90 million for the quarter.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. Permianville Royalty Trust had a net margin of 7.47% and a return on equity of 8.63%. The firm had revenue of $13.71 million for the quarter, compared to analyst estimates of $8.90 million.

Permianville Royalty Trust Trading Down 0.5%

Shares of PVL stock opened at $1.90 on Thursday. The firm's fifty day moving average price is $1.83 and its two-hundred day moving average price is $1.81. Permianville Royalty Trust has a 1 year low of $1.45 and a 1 year high of $2.04. The firm has a market capitalization of $62.70 million, a P/E ratio of 17.27 and a beta of 0.11.

Permianville Royalty Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a $0.01 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 30th. Permianville Royalty Trust's dividend payout ratio (DPR) is 109.09%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Permianville Royalty Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Permianville Royalty Trust currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in shares of Permianville Royalty Trust in the 3rd quarter valued at about $37,000. Susquehanna International Group LLP boosted its holdings in shares of Permianville Royalty Trust by 239.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,421 shares of the company's stock worth $171,000 after buying an additional 66,583 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in shares of Permianville Royalty Trust by 326.0% during the 3rd quarter. Citadel Advisors LLC now owns 28,028 shares of the company's stock worth $51,000 after buying an additional 40,428 shares during the period. Institutional investors own 6.78% of the company's stock.

About Permianville Royalty Trust

Permianville Royalty Trust is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located primarily in the Permian Basin of West Texas and southeastern New Mexico. Organized as a statutory royalty trust, it provides investors with exposure to production revenues from established hydrocarbon reservoirs without engaging directly in exploration or development activities.

The trust's assets consist of net profits interests in wells that produce crude oil, natural gas and natural gas liquids.

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