The stock of BP Prudhoe Bay Royalty Trust (NYSE:BPT) is a huge mover today! About 201,298 shares traded hands or 7.61% up from the average. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has declined 7.23% since March 9, 2016 and is downtrending. It has underperformed by 14.64% the S&P500.
The move comes after 5 months negative chart setup for the $429.13M company. It was reported on Oct, 12 by Barchart.com. We have $17.69 PT which if reached, will make NYSE:BPT worth $51.50 million less.
Analysts await BP Prudhoe Bay Royalty Trust (NYSE:BPT) to report earnings on November, 14.
According to Zacks Investment Research, “BP Prudhoe Bay Royalty Trust is set up in the following manner. BP Exploration, Inc. conveyed an overriding royalty interest on barrels of oil to The Standard Oil Company. The Standard Oil Company, in turn, conveyed these interests to the BP Prudhoe Bay Royalty Trust.”
More notable recent BP Prudhoe Bay Royalty Trust (NYSE:BPT) news were published by: Blogs.Wsj.com which released: “BP Prudhoe Bay Royalty Trust ‘Dying'” on March 21, 2016, also Fool.com with their article: “Read This Before You Buy BP Prudhoe Bay Royalty Trust Stock” published on April 07, 2016, Fool.com published: “The Worst Mistake BP Prudhoe Bay Royalty Trust Investors Can Make Right Now” on May 03, 2016. More interesting news about BP Prudhoe Bay Royalty Trust (NYSE:BPT) were released by: Benzinga.com and their article: “Mid-Day Market Update: Barracuda Networks Surges On Earnings Beat; Fortinet …” published on October 12, 2016 as well as Fool.com‘s news article titled: “Is BP Prudhoe Bay Royalty Trust’s Sky-High Yield Worth Buying Today?” with publication date: September 16, 2015.
BPT Company Profile
BP Prudhoe Bay Royalty Trust, incorporated on February 21, 1989, is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit.
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