Equities analysts expect Pacific Coast Oil Trust (NYSE:ROYT) to report $0.06 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Pacific Coast Oil Trust’s earnings. The firm is expected to issue its next earnings results on Friday, March 9th.
On average, analysts expect that Pacific Coast Oil Trust will report full-year earnings of $0.19 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.28 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Pacific Coast Oil Trust.
A number of analysts have issued reports on ROYT shares. Zacks Investment Research raised shares of Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Stifel Nicolaus reissued a “hold” rating and issued a $1.50 price objective on shares of Pacific Coast Oil Trust in a report on Sunday, October 1st.
Pacific Coast Oil Trust (NYSE ROYT) traded down $0.06 during midday trading on Tuesday, reaching $2.05. 148,870 shares of the company’s stock were exchanged, compared to its average volume of 210,025. The company has a market cap of $79.10, a P/E ratio of 25.63 and a beta of 2.17. Pacific Coast Oil Trust has a 52-week low of $1.10 and a 52-week high of $2.23.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.028 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.34 dividend on an annualized basis and a yield of 16.39%. This is an increase from Pacific Coast Oil Trust’s previous monthly dividend of $0.02. Pacific Coast Oil Trust’s payout ratio is currently 412.50%.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3127745/0-06-earnings-per-share-expected-for-pacific-coast-oil-trust-royt-this-quarter.html.
About Pacific Coast Oil Trust
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pacific Coast Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Coast Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.