Brokerages Expect Pacific Coast Oil Trust (ROYT) to Announce $0.06 EPS
Shares of Pacific Coast Oil Trust (NYSE:ROYT) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also given Pacific Coast Oil Trust an industry rank of 115 out of 265 based on the ratings given to its competitors.
ROYT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Stifel Nicolaus restated a “hold” rating and set a $1.50 price target on shares of Pacific Coast Oil Trust in a research note on Sunday, October 1st.
Shares of Pacific Coast Oil Trust (ROYT) traded up $0.05 on Monday, reaching $1.95. 215,234 shares of the company’s stock were exchanged, compared to its average volume of 142,492. The company has a market capitalization of $73.31, a PE ratio of 24.38 and a beta of 2.18. Pacific Coast Oil Trust has a 1 year low of $0.94 and a 1 year high of $2.23.
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a $0.028 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 17.23%. This is a boost from Pacific Coast Oil Trust’s previous monthly dividend of $0.02. Pacific Coast Oil Trust’s payout ratio is 237.50%.
A hedge fund recently bought a new stake in Pacific Coast Oil Trust stock. Evergreen Capital Management LLC purchased a new stake in Pacific Coast Oil Trust (NYSE:ROYT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,737,323 shares of the oil and gas producer’s stock, valued at approximately $5,905,000. Evergreen Capital Management LLC owned approximately 9.69% of Pacific Coast Oil Trust at the end of the most recent reporting period. Institutional investors own 16.41% of the company’s stock.
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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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