Brokerages Expect Pacific Coast Oil Trust (ROYT) to Announce $0.04 Earnings Per Share

Analysts expect that Pacific Coast Oil Trust (NYSE:ROYT) will report earnings of $0.04 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Pacific Coast Oil Trust’s earnings. Pacific Coast Oil Trust also posted earnings of $0.04 per share in the same quarter last year. The company is expected to issue its next earnings report on Friday, July 27th.

On average, analysts expect that Pacific Coast Oil Trust will report full-year earnings of $0.16 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.11 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Pacific Coast Oil Trust.

Pacific Coast Oil Trust (NYSE:ROYT) last released its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $12.77 million during the quarter. Pacific Coast Oil Trust had a net margin of 21.50% and a return on equity of 3.40%.

Separately, Zacks Investment Research raised shares of Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th.

Shares of Pacific Coast Oil Trust traded up $0.09, hitting $2.19, during trading hours on Thursday, reports. 5,638 shares of the company’s stock traded hands, compared to its average volume of 118,334. Pacific Coast Oil Trust has a 12 month low of $1.36 and a 12 month high of $2.75.

The business also recently declared a monthly dividend, which was paid on Monday, June 25th. Shareholders of record on Monday, June 11th were issued a $0.0188 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 10.28%. The ex-dividend date of this dividend was Friday, June 8th.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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