Zacks: Pacific Coast Oil Trust (NYSE:ROYT) Given Consensus Rating of “Hold” by Analysts

Shares of Pacific Coast Oil Trust (NYSE:ROYT) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $2.00 for the company and are anticipating that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pacific Coast Oil Trust an industry rank of 103 out of 256 based on the ratings given to its competitors.

NYSE ROYT traded up $0.01 during trading on Tuesday, reaching $2.12. 107,692 shares of the company’s stock were exchanged, compared to its average volume of 147,616. The stock has a 50 day simple moving average of $2.17. Pacific Coast Oil Trust has a 1 year low of $1.48 and a 1 year high of $2.95. The firm has a market cap of $82.18 million, a PE ratio of 6.42 and a beta of 2.02.

The company also recently declared a monthly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be issued a $0.0207 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 11.74%. The ex-dividend date of this dividend is Friday, August 2nd. Pacific Coast Oil Trust’s dividend payout ratio is currently 75.76%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Regal Investment Advisors LLC acquired a new stake in shares of Pacific Coast Oil Trust during the first quarter valued at about $31,000. Jane Street Group LLC acquired a new stake in shares of Pacific Coast Oil Trust during the fourth quarter valued at about $35,000. Finally, Marshall Wace LLP acquired a new stake in shares of Pacific Coast Oil Trust during the first quarter valued at about $47,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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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