Pacific Coast Oil Trust (NYSE:ROYT) Stock Sentiment Improves

September 14, 2018 - By Rene Reddy

Pacific Coast Oil Trust (NYSE:ROYT) Logo

Sentiment for Pacific Coast Oil Trust (NYSE:ROYT)

Pacific Coast Oil Trust (NYSE:ROYT) institutional sentiment increased to 1 in 2018 Q2. Its up 0.42, from 0.58 in 2018Q1. The ratio is better, as 10 hedge funds increased or started new equity positions, while 10 sold and reduced holdings in Pacific Coast Oil Trust. The hedge funds in our partner’s database now own: 5.72 million shares, down from 5.77 million shares in 2018Q1. Also, the number of hedge funds holding Pacific Coast Oil Trust in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 4 Increased: 4 New Position: 6.

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. The company has market cap of $100.70 million. The Company’s 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. It has a 13.38 P/E ratio. As of December 31, 2016, the firm had proved reserves of 13.3 million barrels of oil equivalent.

The stock decreased 0.00% or $0.0001 during the last trading session, reaching $2.6099. About 37,692 shares traded. Pacific Coast Oil Trust (NYSE:ROYT) has risen 66.04% since September 14, 2017 and is uptrending. It has outperformed by 50.42% the S&P500.

Analysts await Pacific Coast Oil Trust (NYSE:ROYT) to report earnings on October, 29. They expect $0.03 EPS, down 25.00 % or $0.01 from last year’s $0.04 per share. ROYT’s profit will be $1.16M for 21.75 P/E if the $0.03 EPS becomes a reality. After $0.04 actual EPS reported by Pacific Coast Oil Trust for the previous quarter, Wall Street now forecasts -25.00 % negative EPS growth.

Evergreen Capital Management Llc holds 0.84% of its portfolio in Pacific Coast Oil Trust for 3.91 million shares. Rr Advisors Llc owns 957,000 shares or 0.25% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 2,826 shares. The United Kingdom-based Barclays Plc has invested 0% in the stock. Deutsche Bank Ag, a Germany-based fund reported 86,000 shares.

More news for Pacific Coast Oil Trust (NYSE:ROYT) were recently published by: Bizjournals.com, which released: “Oil and gas investor could raise more than $110 million in IPO” on September 11, 2018. Seekingalpha.com‘s article titled: “Pacific Coast Oil Trust declares $0.0406 dividend” and published on August 27, 2018 is yet another important article.

Pacific Coast Oil Trust (NYSE:ROYT) Institutional Positions Chart

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