Permianville Royalty Trust (NYSE:PVL) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Permianville Royalty Trust shares crossed above their 200-day moving average, reaching $1.88 before closing at $1.8140. The stock’s 50-day and 200-day averages were approximately $1.82 and $1.81, respectively.
• Weiss Ratings upgraded PVL from “hold (c-)” to “hold (c),” while the overall analyst consensus remains Hold.
• The trust reported quarterly EPS of $0.03 and revenue of $14.79 million, exceeding estimates, but cut its monthly dividend to $0.015 per share from $0.016, implying a 9.9% annualized yield.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.81 and traded as high as $1.88. Permianville Royalty Trust shares last traded at $1.8140, with a volume of 172,515 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Permianville Royalty Trust from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 27th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Permianville Royalty Trust currently has an average rating of "Hold".

Permianville Royalty Trust Price Performance

The business has a 50 day simple moving average of $1.82 and a 200 day simple moving average of $1.81. The company has a market cap of $59.86 million, a price-to-earnings ratio of 10.67 and a beta of 0.17.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%. The firm had revenue of $14.79 million for the quarter, compared to analyst estimates of $8.70 million.

Permianville Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0150 per share. The ex-dividend date is Friday, October 30th. This is a decrease from Permianville Royalty Trust's previous monthly dividend of $0.0160. This represents a $0.18 dividend on an annualized basis and a dividend yield of 9.9%. Permianville Royalty Trust's dividend payout ratio is presently 111.76%.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust NYSE: PVL is a publicly traded grantor trust that owns royalty and net profits interests in oil and natural gas properties. The trust does not operate wells directly; instead, it receives distributions based on production and the revenues generated by the underlying properties after applicable production and operating costs.

The trust's interests are concentrated primarily in the Permian Basin of West Texas and southeastern New Mexico, one of the most significant oil- and natural-gas-producing regions in the United States.

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