Permianville Royalty Trust (NYSE:PVL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Permianville Royalty Trust (NYSE:PVL) shares crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Permianville Royalty Trust Trading Up 2.5%

The business has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $1.81. The stock 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) last announced its earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $14.79 million for the quarter, compared to analyst estimates of $8.70 million. Permianville Royalty Trust had a return on equity of 15.04% and a net margin of 11.30%.

Permianville Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.0150 dividend. This is a drop from Permianville Royalty Trust’s previous monthly dividend of $0.0160. This represents a $0.18 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Friday, October 30th. Permianville Royalty Trust’s dividend payout ratio is currently 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.