Somewhat Positive News Coverage Somewhat Unlikely to Impact Pacific Coast Oil Trust (ROYT) Stock Price
News stories about Pacific Coast Oil Trust (NYSE:ROYT) have been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pacific Coast Oil Trust earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.5995980560398 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several research analysts have weighed in on ROYT shares. Zacks Investment Research lowered shares of Pacific Coast Oil Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Stifel Nicolaus lowered shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $2.00 to $1.50 in a research note on Thursday, July 13th.
Pacific Coast Oil Trust (NYSE:ROYT) traded up 3.1709% on Monday, reaching $1.6301. 106,192 shares of the company’s stock traded hands. Pacific Coast Oil Trust has a 52-week low of $0.87 and a 52-week high of $2.23. The firm has a market cap of $62.89 million, a price-to-earnings ratio of 37.9093 and a beta of 2.06. The stock’s 50 day moving average is $1.57 and its 200 day moving average is $1.72.
The firm also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.0093 dividend. The ex-dividend date was Thursday, August 31st. This is an increase from Pacific Coast Oil Trust’s previous monthly dividend of $0.00. This represents a $0.11 dividend on an annualized basis and a dividend yield of 7.07%. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is 275.07%.
ILLEGAL ACTIVITY WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Pacific Coast Oil Trust (ROYT) Stock Price” was first posted by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/09/25/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-pacific-coast-oil-trust-royt-stock-price.html.
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.
Receive News & Ratings for Pacific Coast Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Coast Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.