A significant driver of top-line growth: BP Prudhoe Bay Royalty Trust (BPT)

BP Prudhoe Bay Royalty Trust (NYSE: BPT) stock fell -2.78% on Wednesday to $13.30 against a previous-day closing price of $13.68. With 0.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.47 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $13.76 whereas the lowest price it dropped to was $12.97. The 52-week range on BPT shows that it touched its highest point at $26.08 and its lowest point at $3.41 during that stretch. With its current market cap of 291.54 million, BPT has annualized dividend of $3.78 while the current yield stands at 28.40%. Beta for the stock currently stands at 0.26.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BPT was down-trending over the past week, with a drop of -2.71%, but this was up by 3.10% over a month. Three-month performance dropped to -22.22% while six-month performance fell -27.08%. The stock gained 228.40% in the past year, while it has gained 238.42% so far this year.

Float and Shares Shorts:

At present, 21.40 million BPT shares are outstanding with a float of 21.40 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.89 million, which was 8.84% higher than short shares on Sep 14, 2022.

Institutional Ownership:

Through their ownership of 5.32% of BPT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.58% of BPT, in contrast to 0.27% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BPT with 1.26% of the stake, Creative Planning LLC holds 270,718 shares worth 270,718. A second-largest stockholder of BPT, Voloridge Investment Management L, holds 184,780 shares, controlling over 0.86% of the firm’s shares. Group One Trading LP is the third largest shareholder in BPT, holding 65,151 shares or 0.30% stake. With a 0.25% stake in BPT, the Invesco FTSE RAFI US 1500 Small M is the largest stakeholder. A total of 54,059 shares are owned by the mutual fund manager. The USAA Extended Market Index Fund, which owns about 0.02% of BPT stock, is the second-largest Mutual Fund holder. It holds 3,211 shares valued at 41807.0. BetaShares Global Royalties ETF holds 0.00% of the stake in BPT, owning 575 shares worth 7487.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BPT since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BPT analysts setting a high price target of $12.00 and a low target of $12.00, the average target price over the next 12 months is $12.00. Based on these targets, BPT could drop -9.77% to reach the target high and fall by -9.77% to reach the target low. Reaching the average price target will result in a decline of -9.77% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BPT will report FY 2016 earnings on 02/27/2023. Analysts have provided yearly estimates in a range of $2.79 being high and $2.79 being low. For BPT, this leads to a yearly average estimate of $2.79. Based on analyst estimates, the high estimate for the next quarter is $0.82 and the low estimate is $0.82. The average estimate for the next quarter is thus $0.82.

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