PVL - Watch for Continued Gains in Shares of Permianville Royalty Trust Trust Units (PVL)
Permianville Royalty Trust Trust Units (NYSE:PVL) traded at a new 52-week high today of $2.61. This new high was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 156,000 shares.
Permianville Royalty Trust is a statutory trust which holds net profits interests in the profits from the sale of oil and natural gas production the sale of oil and natural gas production from primarily non-operated assets of both conventional properties in the States of Texas, Louisiana, and New Mexico as well as unconventional assets in the Permian and Haynesville basins.
In the past 52 weeks, shares of Permianville Royalty Trust Trust Units have traded between a low of $1.25 and a high of $2.61 and is now at $2.61, which is 109% above that low price.
Permianville Royalty Trust Trust Units (NYSE:PVL) has potential upside of 1,036.2% based on a current price of $2.61 and analysts' consensus price target of $29.65.
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