BP Prudhoe Bay Royalty Trust (BPT) Is Becoming Less Appealing To Investors After A -28.72% Fall

BP Prudhoe Bay Royalty Trust (NYSE:BPT) has a beta value of 0.23 and has seen 1.58 million shares traded in the last trading session. The company, currently valued at $11.78M, closed the last trade at $0.55 per share which meant it lost -$0.22 on the day or -28.72% during that session. The BPT stock price is -481.82% off its 52-week high price of $3.20 and 5.45% above the 52-week low of $0.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.37 million shares traded. The 3-month trading volume is 270.80K shares.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) trade information

Sporting -28.72% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BPT stock price touched $0.55 or saw a rise of 35.29%. Year-to-date, BP Prudhoe Bay Royalty Trust shares have moved 1.16%, while the 5-day performance has seen it change -2.26%. Over the past 30 days, the shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) have changed -19.07%. Short interest in the company has seen 1.49 million shares shorted with days to cover at 13.95.

BP Prudhoe Bay Royalty Trust (BPT) estimates and forecasts

The company’s shares have lost -76.18% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.20% over the past 5 years.

BPT Dividends

BP Prudhoe Bay Royalty Trust is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s Major holders

Investors are also buoyed by the number of investors in a company, with BP Prudhoe Bay Royalty Trust having a total of 56.0 institutions that hold shares in the company. The top two institutional holders are CREATIVE PLANNING with over 0.27 million shares worth more than $0.67 million. As of 2024-06-30, CREATIVE PLANNING held 1.2619% of shares outstanding.

The other major institutional holder is OPPENHEIMER & CO INC, with the holding of over 0.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.41 million and represent 0.7706% of shares outstanding.