BP Prudhoe Bay Royalty Trust (NYSE:BPT) has been upgraded to Hold in a statement by TheStreet earlier today.
- Updated: October 15, 2016
Boasting a price of $21.30, BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded 0.00% even on the day. With the last stock price close up 21.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. BP Prudhoe Bay Royalty Trust has recorded a 50-day average of $18.30 and a two hundred day average of $16.28. Volume of trade was down over the average, with 129,441 shares of BPT changing hands under the typical 170,428
TheStreet has upgraded BP Prudhoe Bay Royalty Trust (NYSE:BPT) to Hold in a statement released on 10/10/2016.
With a total market value of $0, BP Prudhoe Bay Royalty Trust has price-earnings ratio of 6.93 with a one year low of $11.29 and a one year high of $44.42 .
Brief Synopsis About BP Prudhoe Bay Royalty Trust (NYSE:BPT)
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding 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 approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, 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. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit. The Royalty Interest is a non-operational interest in minerals. The Prudhoe Bay field is located on the North Slope of Alaska, approximately 250 miles north of the Arctic Circle and over 650 miles north of Anchorage.
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