Zacks: Pacific Coast Oil Trust (NYSE:ROYT) Receives Average Rating of “Hold” from Brokerages

Shares of Pacific Coast Oil Trust (NYSE:ROYT) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus target price of $2.00 for the company, according to Zacks. Zacks has also given Pacific Coast Oil Trust an industry rank of 102 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research cut shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Shares of NYSE:ROYT traded up $0.05 on Thursday, reaching $2.04. 179,200 shares of the company’s stock were exchanged, compared to its average volume of 147,612. The stock has a market capitalization of $76.39 million, a price-to-earnings ratio of 6.18 and a beta of 2.14. Pacific Coast Oil Trust has a fifty-two week low of $1.48 and a fifty-two week high of $2.95.

Pacific Coast Oil Trust (NYSE:ROYT) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter. Pacific Coast Oil Trust had a net margin of 21.05% and a return on equity of 5.41%. The business had revenue of $11.60 million for the quarter. On average, sell-side analysts predict that Pacific Coast Oil Trust will post 0.26 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.0312 per share. This is a boost from Pacific Coast Oil Trust’s previous monthly dividend of $0.03. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.37 annualized dividend and a yield of 18.35%. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is presently 112.12%.

A number of institutional investors have recently added to or reduced their stakes in ROYT. 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 valued at $454,000 after buying an additional 96,719 shares during the period. Marshall Wace LLP acquired a new position in Pacific Coast Oil Trust during the 1st quarter valued at about $47,000. Jane Street Group LLC acquired a new position in Pacific Coast Oil Trust during the 4th quarter valued at about $35,000. Finally, Regal Investment Advisors LLC acquired a new position in Pacific Coast Oil Trust during the 1st quarter valued at about $31,000. 13.24% of the stock is currently owned by hedge funds and other institutional investors.

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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