Pacific Coast Oil Trust (NYSE:ROYT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Pacific Coast Oil Trust is formed to own interests in properties held by Pacific Coast Energy Company LP which are located in California in the Santa Maria and Los Angeles Basins. Pacific Coast Oil Trust is based in Austin, Texas. “

Separately, Stifel Nicolaus reiterated a “hold” rating and set a $1.50 target price on shares of Pacific Coast Oil Trust in a research report on Sunday, October 1st.

Shares of Pacific Coast Oil Trust (NYSE:ROYT) traded up $0.09 during trading on Wednesday, hitting $2.50. 415,400 shares of the stock traded hands, compared to its average volume of 319,610. Pacific Coast Oil Trust has a 1-year low of $1.11 and a 1-year high of $2.52. The firm has a market cap of $94.53, a price-to-earnings ratio of 31.25 and a beta of 2.17.

Pacific Coast Oil Trust (NYSE:ROYT) last issued its earnings results on Monday, October 30th. The oil and gas producer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Pacific Coast Oil Trust had a net margin of 6.02% and a return on equity of 1.44%. equities research analysts anticipate that Pacific Coast Oil Trust will post 0.19 EPS for the current year.

A hedge fund recently bought a new stake in Pacific Coast Oil Trust stock. Evergreen Capital Management LLC purchased a new stake in Pacific Coast Oil Trust (NYSE:ROYT) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,737,323 shares of the oil and gas producer’s stock, valued at approximately $5,905,000. Evergreen Capital Management LLC owned approximately 9.69% of Pacific Coast Oil Trust as of its most recent SEC filing. 16.41% of the stock is owned by hedge funds and other institutional investors.

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About Pacific Coast Oil Trust

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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