Permianville Royalty Trust (NYSE:PVL) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 57,300 shares, a decline of 54.7% from the June 15th total of 126,600 shares. Based on an average daily volume of 147,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold.
Shares of NYSE:PVL opened at $1.19 on Tuesday. The company has a market capitalization of $38.28 million, a price-to-earnings ratio of 3.84 and a beta of 1.74. The business’s 50-day moving average is $1.39 and its 200-day moving average is $1.54. Permianville Royalty Trust has a 1 year low of $0.67 and a 1 year high of $2.87.
Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $9.93 million for the quarter. Permianville Royalty Trust had a return on equity of 13.49% and a net margin of 23.44%.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.004 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Monday, June 29th.
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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