In yesterday’s Wall Street session, BP Prudhoe Bay Royalty Trust (NYSE:BPT) shares traded at $12.65, down -1.17% from the previous session.
1 analysts cover BP Prudhoe Bay Royalty Trust (NYSE:BPT), according to research data. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $12.00, we find $12.00. Given the previous closing price of $12.80, this indicates a potential downside of -6.25 percent. BPT stock price is now 1.58% away from the 50-day moving average and -18.07% away from the 200-day moving average. The market capitalization of the company currently stands at $264.76M.
Brokers who have rated the stock have averaged $12.00 as their price target over the next twelve months.
With the price target reduced from $62 to $49, Citigroup Downgraded its rating from Hold to Sell for BP Prudhoe Bay Royalty Trust (NYSE: BPT).
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BPT stock. A new stake in BP Prudhoe Bay Royalty Trust shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $500,000. JENKINS WEALTH invested $358,000 in shares of BPT during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in BP Prudhoe Bay Royalty Trust valued at approximately $294,000. BIRINYI ASSOCIATES INC acquired a new stake in BPT for approximately $262,000. TWO SIGMA ADVISERS, LP purchased a new stake in BPT valued at around $207,000 in the second quarter. In total, there are 64 active investors with 5.90% ownership of the company’s stock.
On Monday morning BP Prudhoe Bay Royalty Trust (NYSE: BPT) stock kicked off with the opening price of $12.85. During the past 12 months, BP Prudhoe Bay Royalty Trust has had a low of $5.87 and a high of $26.08. The fifty day moving average price for BPT is $12.43 and a two-hundred day moving average price translates $15.43 for the stock.
The latest earnings results from BP Prudhoe Bay Royalty Trust (NYSE: BPT) was released for Jun, 2022. The company reported revenue of $30.34 million for the quarter, compared to $3.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 827.29 percent.
Moreover, the firm recently paid out its quarterly dividend on 01/23/2023. Investors who held shares on 01/17/2023 were paid a $0.2974297 dividend. On an annualized basis, this represents a $3.49 dividend and a 27.61% percent yield. There was an ex-dividend date of 01/13/2023 for this dividend. In terms of dividend payout ratio, BPT is presently at 94.10%.
BP Prudhoe Bay Royalty Trust(BPT) Company Profile
BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres. BP Prudhoe Bay Royalty Trust was incorporated in 1989 and is based in Houston, Texas.