In last trading session, BP Prudhoe Bay Royalty Trust (NYSE:BPT) saw 0.41 million shares changing hands with its beta currently measuring 0.27. Company’s recent per share price level of $3.33 trading at -$0.03 or -0.89% at ring of the bell on the day assigns it a market valuation of $73.66M. That closing price of BPT’s stock is at a discount of -331.23% from its 52-week high price of $14.36 and is indicating a premium of 4.5% from its 52-week low price of $3.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.23 million shares which gives us an average trading volume of 234.53K if we extend that period to 3-months.
For BP Prudhoe Bay Royalty Trust (BPT), analysts’ consensus is at an average recommendation of a Sell while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
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BP Prudhoe Bay Royalty Trust (NYSE:BPT) trade information
Upright in the red during last session for losing -0.89%, in the last five days BPT remained trading in the red while hitting it’s week-highest on Tuesday, 11/14/23 when the stock touched $3.33 price level, adding 10.0% to its value on the day. BP Prudhoe Bay Royalty Trust’s shares saw a change of -71.49% in year-to-date performance and have moved -5.67% in past 5-day. BP Prudhoe Bay Royalty Trust (NYSE:BPT) showed a performance of -40.22% in past 30-days. Number of shares sold short was 1.88 million shares which calculate 7.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.00 to the stock, which implies a rise of 72.25% to its current value. Analysts have been projecting $12.00 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -260.36% in reaching the projected high whereas dropping to the targeted low would mean a loss of -260.36% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.00% during past 5 years.
BPT Dividends
BP Prudhoe Bay Royalty Trust is more likely to be releasing its next quarterly report between November 17 and November 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 4.88 percent of that, with stock having share float percentage of 4.88%. Investors also watch the number of corporate investors in a company very closely, which is 4.88% institutions for BP Prudhoe Bay Royalty Trust that are currently holding shares of the company. Creative Planning is the top institutional holder at BPT for having 0.27 million shares of worth $1.23 million. And as of Jun 29, 2023, it was holding 1.26% of the company’s outstanding shares.
The second largest institutional holder is Freestone Capital Holdings, LLC, which was holding about 0.1 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.47% of outstanding shares, having a total worth of $0.46 million.
On the other hand, Invesco ETF Tr-Invesco FTSE RAFI US 1500 Small-Mid ETF and Victory Portfolios III-Victory Extended Market Index Fd are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 37315.0 shares of worth $0.23 million or 0.17% of the total outstanding shares. The later fund manager was in possession of 2345.0 shares on Jul 30, 2023, making its stake of worth around $16649.0 in the company or a holder of 0.01% of company’s stock.