$0.05 EPS Expected for Pacific Coast Oil Trust (NYSE:ROYT) This Quarter

Analysts forecast that Pacific Coast Oil Trust (NYSE:ROYT) will announce earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Zero analysts have issued estimates for Pacific Coast Oil Trust’s earnings. Pacific Coast Oil Trust reported earnings of $0.12 per share during the same quarter last year, which would indicate a negative year over year growth rate of 58.3%. The business is expected to announce its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that Pacific Coast Oil Trust will report full year earnings of $0.22 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $0.08 per share. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Pacific Coast Oil Trust.

A number of large investors have recently made changes to their positions in the stock. Regal Investment Advisors LLC bought a new position in shares of Pacific Coast Oil Trust in the 1st quarter valued at about $31,000. Jane Street Group LLC bought a new position in shares of Pacific Coast Oil Trust in the 4th quarter valued at about $35,000. Finally, Marshall Wace LLP bought a new position in shares of Pacific Coast Oil Trust in the 1st quarter valued at about $47,000. Institutional investors own 13.22% of the company’s stock.

NYSE:ROYT opened at $2.07 on Friday. The firm has a market capitalization of $83.34 million, a price-to-earnings ratio of 6.27 and a beta of 2.02. Pacific Coast Oil Trust has a 52-week low of $1.48 and a 52-week high of $2.95. The stock has a fifty day moving average of $2.17 and a 200 day moving average of $2.11.

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 5th will be issued a $0.0207 dividend. The ex-dividend date is Friday, August 2nd. This represents a $0.25 annualized dividend and a dividend yield of 12.02%. Pacific Coast Oil Trust’s dividend payout ratio is currently 75.76%.

About Pacific Coast Oil Trust

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

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