Pacific Coast Oil Trust (NYSE:ROYT) Given Average Rating of “Hold” by Analysts

Shares of Pacific Coast Oil Trust (NYSE:ROYT) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $2.00 for the company and are expecting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Pacific Coast Oil Trust an industry rank of 102 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Regal Investment Advisors LLC bought a new position in Pacific Coast Oil Trust during the first quarter valued at about $31,000. Jane Street Group LLC bought a new position in Pacific Coast Oil Trust during the fourth quarter valued at about $35,000. Finally, Marshall Wace LLP bought a new position in Pacific Coast Oil Trust during the first quarter valued at about $47,000. Hedge funds and other institutional investors own 13.24% of the company’s stock.

ROYT traded up $0.02 on Friday, hitting $2.15. 133,701 shares of the stock traded hands, compared to its average volume of 139,167. Pacific Coast Oil Trust has a 52 week low of $1.48 and a 52 week high of $2.95. The company has a market cap of $82.95 million, a price-to-earnings ratio of 6.52 and a beta of 2.06. The business has a fifty day moving average of $2.14.

Pacific Coast Oil Trust (NYSE:ROYT) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter. Pacific Coast Oil Trust had a return on equity of 5.41% and a net margin of 21.05%. The firm had revenue of $11.60 million for the quarter. On average, equities analysts forecast that Pacific Coast Oil Trust will post 0.22 earnings per share for the current year.

The company also recently declared a monthly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a dividend of $0.0277 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.33 annualized dividend and a yield of 15.48%. Pacific Coast Oil Trust’s dividend payout ratio is 100.00%.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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