Permianville Royalty Trust (NYSE:PVL) Stock Short Interest Report for October

Permianville Royalty Trust (NYSE:PVL) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 24,003 shares, a decline of 62.1% from the September 30th total of 63,306 shares. Based on an average daily volume of 62,991 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Permianville Royalty Trust Trading Up 2.5%

PVL stock traded up $0.04 during trading on Friday, reaching $1.81. The stock had a trading volume of 172,515 shares, compared to its average volume of 58,921. The firm has a market cap of $59.86 million, a PE ratio of 10.67 and a beta of 0.17. The stock’s 50 day moving average is $1.82 and its two-hundred day moving average is $1.81. Permianville Royalty Trust has a 52 week low of $1.58 and a 52 week high of $2.01.

Permianville Royalty Trust (NYSE:PVL) last announced its earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $14.79 million during the quarter, compared to analyst estimates of $8.70 million. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%.

Permianville Royalty Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a dividend of $0.0150 per share. This is a drop from Permianville Royalty Trust’s previous monthly dividend of $0.0160. The ex-dividend date is Friday, October 30th. 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%.

Wall Street Analyst Weigh In

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

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.