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Pacific Coast Oil Trust (ROYT) Falls: Stock Goes Down 7.3%

Zacks Equity Research

Pacific Coast Oil Trust (ROYT) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $12.72 to $13.06 in the past one-month time frame.

The oil and gas holding company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

ROYT currently has a Zacks Rank #3 (Hold) while itsEarnings ESP is 0.00%.

Some better-ranked stocks from the broader energy sector include EXCO Resources Inc. (XCO), Magellan Midstream Partners LP (MMP) and Flotek Industries Inc. (FTK). All these stocks hold a Zacks Rank #1 (Strong Buy).

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PACIFIC COAST OIL TRUST (ROYT): Free Stock Analysis Report

EXCO RESOURCES INC (XCO): Free Stock Analysis Report


FLOTEK INDS INC DEL (FTK): Free Stock Analysis Report

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