BP Prudhoe Bay Royalty Trust (BPT) Receiving Somewhat Positive Media Coverage, Analysis Shows
Headlines about BP Prudhoe Bay Royalty Trust (NYSE:BPT) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public 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 media sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.5316228743519 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) opened at $26.15 on Friday. The stock has a market capitalization of $559.61, a price-to-earnings ratio of 7.24 and a beta of -0.56. BP Prudhoe Bay Royalty Trust has a 1-year low of $15.00 and a 1-year high of $32.95.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 22nd. Stockholders of record on Friday, January 19th will be issued a $1.23 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $4.92 dividend on an annualized basis and a dividend yield of 18.81%. This is a positive change from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68. BP Prudhoe Bay Royalty Trust’s dividend payout ratio is presently 74.79%.
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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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