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Pacific Coast Oil Trust (ROYT) Given News Impact Rating of 0.14
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Pacific Coast Oil Trust (NYSE ROYT) traded down 2.65% during midday trading on Friday, hitting $1.47. 77,671 shares of the company traded hands. Pacific Coast Oil Trust has a 12-month low of $0.87 and a 12-month high of $2.23. The stock’s 50-day moving average is $1.63 and its 200-day moving average is $1.75. The firm has a market capitalization of $56.72 million, a PE ratio of 34.19 and a beta of 2.06.
The company also recently announced a monthly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a $0.0027 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.03 annualized dividend and a dividend yield of 2.17%. Pacific Coast Oil Trust’s payout ratio is 75.02%.
Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lowered shares of Pacific Coast Oil Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $2.00 to $1.50 in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Pacific Coast Oil Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.
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.