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

Shares of Pacific Coast Oil Trust (NYSE:ROYT) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a one year consensus price objective of $2.00 for the company, according to Zacks. Zacks has also assigned Pacific Coast Oil Trust an industry rank of 102 out of 255 based on the ratings given to its competitors.

Several analysts recently weighed in on the company. TheStreet downgraded Pacific Coast Oil Trust from a “b-” rating to a “c” rating in a research report on Wednesday, October 23rd. Zacks Investment Research upgraded Pacific Coast Oil Trust from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Wednesday, October 30th.

An institutional investor recently bought a new position in Pacific Coast Oil Trust stock. Marshall Wace LLP acquired a new position in shares of Pacific Coast Oil Trust (NYSE:ROYT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,164 shares of the oil and gas producer’s stock, valued at approximately $47,000. Marshall Wace LLP owned about 0.06% of Pacific Coast Oil Trust as of its most recent SEC filing. Institutional investors and hedge funds own 12.62% of the company’s stock.

Shares of ROYT stock traded down $0.01 on Friday, hitting $0.22. 939,990 shares of the company’s stock were exchanged, compared to its average volume of 271,981. Pacific Coast Oil Trust has a 12 month low of $0.18 and a 12 month high of $2.37. The stock has a market cap of $8.45 million, a P/E ratio of 0.68 and a beta of 1.87. The company has a 50 day moving average of $1.16 and a 200 day moving average of $1.88.

Pacific Coast Oil Trust Company Profile

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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