Positive Media Coverage Very Unlikely to Impact BP Prudhoe Bay Royalty Trust (BPT) Share Price
Media coverage about BP Prudhoe Bay Royalty Trust (NYSE:BPT) has been trending positive recently, according to Alpha One Sentiment. The research group, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BP Prudhoe Bay Royalty Trust earned a news sentiment score of 0.30 on Alpha One’s scale. Alpha One also gave news articles about the oil and gas company an impact score of 25 out of 100, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the next several days.
Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded up 0.26% on Wednesday, reaching $19.00. The company’s stock had a trading volume of 160,841 shares. BP Prudhoe Bay Royalty Trust has a 1-year low of $12.68 and a 1-year high of $32.95. The company has a market capitalization of $406.58 million, a price-to-earnings ratio of 9.32 and a beta of -0.03. The stock has a 50-day moving average price of $19.69 and a 200-day moving average price of $23.18.
The business also recently announced a quarterly dividend, which was paid on Thursday, April 20th. Shareholders of record on Sunday, April 16th were paid a $1.0983 dividend. This is an increase from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.99. This represents a $4.39 annualized dividend and a dividend yield of 23.12%. The ex-dividend date of this dividend was Tuesday, April 11th. BP Prudhoe Bay Royalty Trust’s dividend payout ratio (DPR) is 193.20%.
Separately, TheStreet downgraded BP Prudhoe Bay Royalty Trust from a “c” rating to a “d+” rating in a report on Wednesday, March 29th.
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About BP Prudhoe Bay Royalty Trust
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.
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