Pacific Coast Oil Trust (ROYT) Upgraded by Zacks Investment Research to Hold
Pacific Coast Oil Trust (NYSE:ROYT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Pacific Coast Oil Trust is formed to own interests in properties held by Pacific Coast Energy Company LP which are located in California in the Santa Maria and Los Angeles Basins. Pacific Coast Oil Trust is based in Austin, Texas. “
Shares of Pacific Coast Oil Trust (NYSE:ROYT) traded down 2.20% during midday trading on Tuesday, reaching $2.01. The company had a trading volume of 52,932 shares. The stock’s 50 day moving average is $1.86 and its 200-day moving average is $1.75. Pacific Coast Oil Trust has a 12-month low of $0.68 and a 12-month high of $2.65. The stock has a market capitalization of $77.55 million, a PE ratio of 15.58 and a beta of 1.84.
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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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