Zacks Investment Research downgraded Pacific Coast Oil Trust (NYSE:ROYT) to Sell in a report released today.
- Updated: October 2, 2016
Yesterday Pacific Coast Oil Trust (NYSE:ROYT) traded -4.51% lower at $1.84. The company’s 50-day moving average is $1.92 and its 200-day moving average is $1.83. The last stock close price is up -0.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 182,336 shares of the stock were exchanged, up from an average trading volume of 143,075
Zacks Investment Research has downgraded Pacific Coast Oil Trust (NYSE:ROYT) to Sell in a report released on 9/28/2016.
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Pacific Coast Oil Trust has a 52 week low of $0.68 and a 52 week high of $2.60 with a P/E ratio of 14.12 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 1 firm has issued a report on the stock. The consensus target price is $2.50 with one analyst rating the company a strong buy, zero analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Pacific Coast Oil Trust (NYSE:ROYT)
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. The Underlying Properties consist of the proved developed reserves referred to as the Developed Properties and all other development potential on the Underlying Properties, which are referred to as the Remaining Properties. Production from the Developed Properties attributable to the Trust is produced from wells that, because they have already been drilled and require limited additional capital expenditures.
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