Zacks: Pacific Coast Oil Trust (ROYT) Receives Average Recommendation 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 two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.
Zacks has also assigned Pacific Coast Oil Trust an industry rank of 111 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Pacific Coast Oil Trust from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research note on Thursday, June 30th.
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An institutional investor recently raised its position in Pacific Coast Oil Trust stock. Freestone Capital Holdings LLC increased its stake in shares of Pacific Coast Oil Trust (NYSE:ROYT) by 49.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 913,546 shares of the company’s stock after buying an additional 303,604 shares during the period. Freestone Capital Holdings LLC owned about 2.37% of Pacific Coast Oil Trust worth $1,919,000 as of its most recent SEC filing. 7.18% of the stock is currently owned by institutional investors.
Shares of Pacific Coast Oil Trust (NYSE:ROYT) traded down 1.60% during trading on Wednesday, reaching $1.84. The company had a trading volume of 82,472 shares. Pacific Coast Oil Trust has a 12 month low of $0.68 and a 12 month high of $2.35. The company has a market cap of $70.99 million, a price-to-earnings ratio of 14.26 and a beta of 1.84. The firm has a 50 day moving average price of $1.91 and a 200 day moving average price of $1.85.
Pacific Coast Oil Trust Company Profile
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties.
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