Stock Mover of The Day: Could BP Prudhoe Bay Royalty Trust Decline After Today’s Huge Increase?

Stock Mover of The Day: Could BP Prudhoe Bay Royalty Trust Decline After Today's Huge Increase?

The stock of BP Prudhoe Bay Royalty Trust (NYSE:BPT) is a huge mover today! About 223,044 shares traded hands or 34.72% up from the average. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has risen 29.94% since April 27, 2016 and is uptrending. It has outperformed by 24.71% the S&P500.
The move comes after 7 months positive chart setup for the $471.77M company. It was reported on Nov, 30 by Barchart.com. We have $23.48 PT which if reached, will make NYSE:BPT worth $28.31 million more.

Analysts await BP Prudhoe Bay Royalty Trust (NYSE:BPT) to report earnings on March, 6. They expect $0.86 EPS, up 22.86% or $0.16 from last year’s $0.7 per share. BPT’s profit will be $18.32 million for 6.44 P/E if the $0.86 EPS becomes a reality. After $0.69 actual EPS reported by BP Prudhoe Bay Royalty Trust for the previous quarter, Wall Street now forecasts 24.64% EPS growth.

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: Fool.com and their article: “Why BP Prudhoe Bay Royalty Trust’s Stock Surged 11% in October” published on November 02, 2016 as well as Fool.com‘s news article titled: “Will $50 Oil Save BP Prudhoe Bay Royalty Trust?” with publication date: June 01, 2016.

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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