Pacific Coast Oil Trust (ROYT) Receives Average Rating of “Hold” from Brokerages
Pacific Coast Oil Trust (NYSE:ROYT) has received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Zacks has also assigned Pacific Coast Oil Trust an industry rank of 111 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Pacific Coast Oil Trust from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research report on Thursday, June 30th.
Shares of Pacific Coast Oil Trust (NYSE:ROYT) opened at 1.87 on Wednesday. The firm’s 50 day moving average is $1.90 and its 200-day moving average is $1.85. The firm has a market cap of $72.15 million, a price-to-earnings ratio of 14.50 and a beta of 1.84. Pacific Coast Oil Trust has a 52 week low of $0.68 and a 52 week high of $2.24.
A hedge fund recently raised its stake in Pacific Coast Oil Trust stock. Freestone Capital Holdings LLC raised its position in Pacific Coast Oil Trust (NYSE:ROYT) by 49.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 913,546 shares of the company’s stock after buying an additional 303,604 shares during the period. Freestone Capital Holdings LLC owned about 2.37% of Pacific Coast Oil Trust worth $1,919,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.18% of the company’s stock.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties.
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