BP Prudhoe Bay Royalty Trust (BPT) Rating Increased to B at TheStreet

BP Prudhoe Bay Royalty Trust (NYSE:BPT) was upgraded by TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Friday.

Shares of BP Prudhoe Bay Royalty Trust opened at $28.20 on Friday, MarketBeat.com reports. BP Prudhoe Bay Royalty Trust has a 12-month low of $18.65 and a 12-month high of $31.80. The stock has a market cap of $608.83 million, a PE ratio of 7.43 and a beta of -0.68.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last announced its quarterly earnings data on Thursday, May 10th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter. BP Prudhoe Bay Royalty Trust had a return on equity of 12,070.44% and a net margin of 98.59%. The firm had revenue of $26.54 million for the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of BPT. Raymond James Financial Services Advisors Inc. grew its stake in shares of BP Prudhoe Bay Royalty Trust by 15.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,926 shares of the oil and gas company’s stock worth $421,000 after purchasing an additional 2,850 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the fourth quarter worth about $2,239,000. Mangrove Partners grew its stake in shares of BP Prudhoe Bay Royalty Trust by 32.0% in the fourth quarter. Mangrove Partners now owns 92,200 shares of the oil and gas company’s stock worth $1,853,000 after purchasing an additional 22,328 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of BP Prudhoe Bay Royalty Trust by 236.0% in the fourth quarter. Two Sigma Advisers LP now owns 43,995 shares of the oil and gas company’s stock worth $884,000 after purchasing an additional 30,900 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of BP Prudhoe Bay Royalty Trust in the fourth quarter worth about $1,094,000. 4.52% of the stock is currently owned by institutional investors.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.

Receive News & Ratings for BP Prudhoe Bay Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP Prudhoe Bay Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply