Zacks: Analysts Set $2.00 Price Target for Pacific Coast Oil Trust (NYSE:ROYT)

Shares of Pacific Coast Oil Trust (NYSE:ROYT) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price objective of $2.00 for the company and are forecasting that the company will post $0.08 EPS for the current quarter, according to Zacks. Zacks has also given Pacific Coast Oil Trust an industry rank of 102 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

A number of institutional investors have recently made changes to their positions in the business. Regal Investment Advisors LLC bought a new stake in Pacific Coast Oil Trust in the 1st quarter worth $31,000. Jane Street Group LLC purchased a new stake in shares of Pacific Coast Oil Trust in the 4th quarter worth about $35,000. Finally, Marshall Wace LLP purchased a new stake in shares of Pacific Coast Oil Trust in the 1st quarter worth about $47,000. 13.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ROYT traded up $0.02 during trading on Friday, reaching $2.15. The company had a trading volume of 133,701 shares, compared to its average volume of 139,167. The company has a fifty day moving average price of $2.14. The stock has a market cap of $82.95 million, a PE ratio of 6.52 and a beta of 2.06. Pacific Coast Oil Trust has a 12 month low of $1.48 and a 12 month high of $2.95.

Pacific Coast Oil Trust (NYSE:ROYT) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.05 EPS for the quarter. The firm had revenue of $11.60 million for the quarter. Pacific Coast Oil Trust had a net margin of 21.05% and a return on equity of 5.41%. On average, equities analysts anticipate that Pacific Coast Oil Trust will post 0.22 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.0277 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 15.48%. The ex-dividend date of this dividend was Wednesday, July 3rd. Pacific Coast Oil Trust’s dividend payout ratio (DPR) is presently 100.00%.

About Pacific Coast Oil Trust

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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