Pacific Coast Oil Trust Upgraded to “Buy” at Stifel Nicolaus (ROYT)
Pacific Coast Oil Trust (NASDAQ:ROYT) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
Pacific Coast Oil Trust (NASDAQ:ROYT) opened at 10.12 on Tuesday. 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 $11.71 and a 200-day moving average of $12.90. The company has a market cap of $390.5 million and a price-to-earnings ratio of 5.69.
Pacific Coast Oil Trust (NASDAQ:ROYT) last released its earnings data on Thursday, May 22nd. The company reported $0.39 earnings per share for the quarter, missing the analysts’ 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. Investors 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.
A number of other analysts have also recently weighed in on ROYT. Analysts at Zacks upgraded shares of Pacific Coast Oil Trust from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $11.00 price target on 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Pacific Coast Oil Trust presently has a consensus rating of “Hold” and a consensus price target of $14.40.
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (NASDAQ:ROYT) to own interests in the Underlying Properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.