Zacks Upgrades Pacific Coast Oil Trust to Neutral (ROYT)
Pacific Coast Oil Trust (NASDAQ:ROYT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday. The firm currently has a $11.00 target price on the stock. Zacks‘s price objective suggests a potential upside of 2.04% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. downgraded shares of Pacific Coast Oil Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 24th. 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.40.
Pacific Coast Oil Trust (NASDAQ:ROYT) traded down 1.94% during mid-day trading on Thursday, hitting $10.571. 144,909 shares of the company’s stock traded hands. Pacific Coast Oil Trust has a 52 week low of $9.61 and a 52 week high of $18.49. The stock has a 50-day moving average of $12.31 and a 200-day moving average of $13.07. The company has a market cap of $407.9 million and a P/E ratio of 6.19.
Pacific Coast Oil Trust (NASDAQ:ROYT) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.03. Analysts expect that Pacific Coast Oil Trust will post $1.46 EPS for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Wednesday, August 6th will be paid a dividend of $0.1323 per share. This represents a dividend yield of 15.46%. The ex-dividend date is Monday, August 4th.
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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