Shares of Pacific Coast Oil Trust (NYSE:ROYT) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus price target of $2.00 for the company, according to Zacks. Zacks has also given Pacific Coast Oil Trust an industry rank of 112 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Pacific Coast Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Regal Investment Advisors LLC bought a new stake in Pacific Coast Oil Trust during the 1st quarter worth approximately $31,000. Jane Street Group LLC bought a new stake in Pacific Coast Oil Trust during the 4th quarter worth approximately $35,000. Marshall Wace LLP bought a new stake in Pacific Coast Oil Trust during the 1st quarter worth approximately $47,000. Finally, Morgan Stanley increased its stake in Pacific Coast Oil Trust by 83.5% during the 1st quarter. Morgan Stanley now owns 212,587 shares of the oil and gas producer’s stock worth $454,000 after purchasing an additional 96,719 shares in the last quarter. 13.24% of the stock is owned by institutional investors and hedge funds.
Shares of ROYT stock opened at $2.07 on Thursday. The stock has a market capitalization of $79.86 million, a PE ratio of 6.27 and a beta of 2.14. Pacific Coast Oil Trust has a one year low of $1.48 and a one year high of $2.95.
Pacific Coast Oil Trust (NYSE:ROYT) last announced its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter. The company had revenue of $11.60 million during the quarter. Pacific Coast Oil Trust had a return on equity of 5.41% and a net margin of 21.05%. On average, sell-side analysts predict that Pacific Coast Oil Trust will post 0.26 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.0312 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is a boost from Pacific Coast Oil Trust’s previous monthly dividend of $0.03. This represents a $0.37 dividend on an annualized basis and a dividend yield of 18.09%. Pacific Coast Oil Trust’s dividend payout ratio is 112.12%.
About Pacific Coast Oil Trust
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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