Media stories about BP Prudhoe Bay Royalty Trust (NYSE:BPT) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BP Prudhoe Bay Royalty Trust earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.4380948719356 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- BP Prudhoe Bay Royalty Trust About To Put More Money In Your Pocket (BPT) (thestreet.com)
- Poor future performance Ahead on BP Prudhoe Bay Royalty Trust … – Street Observer (press release) (streetobserver.com)
- BP Prudhoe Bay Royalty Trust (BPT) to Issue $0.68 Dividend (americanbankingnews.com)
- BP Prudhoe Bay Royalty Trust Announces Third Quarter 2017 Unit Payment (finance.yahoo.com)
Separately, BidaskClub lowered BP Prudhoe Bay Royalty Trust from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Shares of BP Prudhoe Bay Royalty Trust (NYSE BPT) traded up 1.14% during midday trading on Thursday, hitting $22.25. The stock had a trading volume of 403,940 shares. BP Prudhoe Bay Royalty Trust has a one year low of $15.00 and a one year high of $32.95. The stock has a 50 day moving average of $20.96 and a 200-day moving average of $20.40. The company has a market cap of $476.13 million, a P/E ratio of 6.44 and a beta of -0.46.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 16th will be given a $0.6758 dividend. This represents a $2.70 annualized dividend and a dividend yield of 12.15%. The ex-dividend date is Friday, October 13th. BP Prudhoe Bay Royalty Trust’s payout ratio is 96.24%.
About BP Prudhoe Bay Royalty Trust
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc (BP Alaska) as of February 28, 1989 in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.
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