Somewhat Positive Media Coverage Somewhat Unlikely to Affect Pacific Coast Oil Trust (ROYT) Stock Price
Headlines about Pacific Coast Oil Trust (NYSE:ROYT) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Coast Oil Trust earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.2901836526018 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Pacific Coast Oil Trust (NYSE ROYT) traded down 3.73% on Friday, reaching $1.55. The company had a trading volume of 94,472 shares. Pacific Coast Oil Trust has a 12-month low of $0.87 and a 12-month high of $2.23. The stock has a market capitalization of $59.80 million, a PE ratio of 36.05 and a beta of 2.08. The stock’s 50 day moving average price is $1.56 and its 200-day moving average price is $1.72.
The business also recently declared a monthly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Monday, October 9th will be paid a $0.0012 dividend. This represents a $0.01 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 5th. Pacific Coast Oil Trust’s payout ratio is currently 25.01%.
A number of research firms recently commented on ROYT. Stifel Nicolaus cut Pacific Coast Oil Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $2.00 to $1.50 in a research note on Thursday, July 13th. Zacks Investment Research raised Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th.
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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