Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Pacific Coast Oil Trust (ROYT) Share Price
Media stories about Pacific Coast Oil Trust (NYSE:ROYT) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pacific Coast Oil Trust earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the oil and gas producer an impact score of 45.7395725035948 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- The Minor Metals and Energy Storage — It s Party Time (environmentguru.com)
- Traders Alert on Pacific Coast Oil Trust (ROYT) – Wall Street Morning (wallstreetmorning.com)
- Pacific Coast Oil Trust (ROYT) Ex-Dividend Date Scheduled for August 31, 2017 – Nasdaq (nasdaq.com)
- Pacific Coast Oil Trust (NYSE:ROYT) announces a monthly dividend of $0.01 (4-traders.com)
- Pacific Coast Oil Trust (ROYT) Announces Monthly Dividend of $0.01 (americanbankingnews.com)
Shares of Pacific Coast Oil Trust (NYSE ROYT) traded up 0.65% during midday trading on Friday, reaching $1.54. The company’s stock had a trading volume of 32,540 shares. The firm has a market capitalization of $59.42 million, a PE ratio of 35.81 and a beta of 2.06. The company’s 50-day moving average price is $1.61 and its 200 day moving average price is $1.75. Pacific Coast Oil Trust has a 1-year low of $0.87 and a 1-year high of $2.23.
The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a $0.0093 dividend. This is a positive change from Pacific Coast Oil Trust’s previous monthly dividend of $0.00. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.11 annualized dividend and a dividend yield of 7.25%. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is presently 75.02%.
A number of brokerages have weighed in on ROYT. Zacks Investment Research cut Pacific Coast Oil Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Stifel Nicolaus cut 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.
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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.
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