Zacks: Permianville Royalty Trust (NYSE:PVL) Given Average Rating of “Hold” by Brokerages
Permianville Royalty Trust (NYSE:PVL) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus target price of $2.00 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Permianville Royalty Trust an industry rank of 43 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Permianville Royalty Trust from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Friday, July 19th.
The business also recently announced a monthly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were paid a $0.021 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date was Tuesday, July 30th.
About Permianville Royalty Trust
Permianville Royalty Trust operates a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.
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