Pacific Coast Oil Trust (ROYT) Given Daily Media Sentiment Rating of 0.10
Headlines about Pacific Coast Oil Trust (NYSE:ROYT) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. 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 media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 46.1779391418414 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Pacific Coast Oil Trust (ROYT) traded down $0.02 on Tuesday, hitting $1.63. 63,800 shares of the stock traded hands, compared to its average volume of 142,531. Pacific Coast Oil Trust has a 1 year low of $0.94 and a 1 year high of $2.23. The stock has a market capitalization of $63.66, a PE ratio of 41.25 and a beta of 2.15.
The business also recently disclosed a monthly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.0126 per share. This represents a $0.15 annualized dividend and a dividend yield of 9.31%. This is a boost from Pacific Coast Oil Trust’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Thursday, November 9th. Pacific Coast Oil Trust’s payout ratio is presently 375.09%.
Several research firms have recently weighed in on ROYT. Stifel Nicolaus reissued a “hold” rating and set a $1.50 price objective on shares of Pacific Coast Oil Trust in a report on Sunday, October 1st. Zacks Investment Research raised shares of Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th.
Pacific Coast Oil Trust Company Profile
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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