Pacific Coast Oil Trust (ROYT) Announces Quarterly Earnings, Misses Expectations By $0.03 EPS
Pacific Coast Oil Trust (NASDAQ:ROYT) announced its earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.03, Analyst Ratings News reports.
Pacific Coast Oil Trust (NASDAQ:ROYT) opened at 13.01 on Thursday. Pacific Coast Oil Trust has a 52-week low of $12.40 and a 52-week high of $18.79. The stock’s 50-day moving average is $13.10 and its 200-day moving average is $13.41. The company has a market cap of $502.0 million and a P/E ratio of 7.54.
ROYT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Pacific Coast Oil Trust from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $14.10 price target on the stock. On the ratings front, analysts at Bank of America reiterated a “neutral” rating on shares of Pacific Coast Oil Trust in a research note on Monday, May 5th. They now have a $14.00 price target on the stock. Finally, analysts at Janney Montgomery Scott downgraded shares of Pacific Coast Oil Trust from a “buy” rating to a “neutral” rating in a research note on Monday, April 21st. They now have a $13.00 price target on the stock, down previously from $15.00. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $15.02.
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (NASDAQ:ROYT) to own interests in the Underlying Properties.
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