Wall Street brokerages forecast that Pacific Coast Oil Trust (NYSE:ROYT) will report $0.06 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Pacific Coast Oil Trust’s earnings. The firm is expected to report its next earnings results on Friday, March 9th.

According to Zacks, analysts expect that Pacific Coast Oil Trust will report full-year earnings of $0.19 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.28 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Pacific Coast Oil Trust.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Stifel Nicolaus restated a “hold” rating and set a $1.50 target price on shares of Pacific Coast Oil Trust in a report on Sunday, October 1st.

Shares of Pacific Coast Oil Trust (NYSE ROYT) traded up $0.03 during mid-day trading on Tuesday, hitting $1.72. 394,777 shares of the stock were exchanged, compared to its average volume of 140,587. Pacific Coast Oil Trust has a 1 year low of $0.94 and a 1 year high of $2.23. The company has a market cap of $65.21, a PE ratio of 21.00 and a beta of 2.17.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.0161 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 11.26%. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from Pacific Coast Oil Trust’s previous monthly dividend of $0.01. Pacific Coast Oil Trust’s payout ratio is 187.50%.

An institutional investor recently bought a new position in Pacific Coast Oil Trust stock. Evergreen Capital Management LLC purchased a new position in Pacific Coast Oil Trust (NYSE:ROYT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,737,323 shares of the oil and gas producer’s stock, valued at approximately $5,905,000. Evergreen Capital Management LLC owned approximately 9.69% of Pacific Coast Oil Trust at the end of the most recent reporting period. Institutional investors own 16.41% of the company’s stock.

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Pacific Coast Oil Trust Company Profile

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.

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