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BP Prudhoe Bay Royalty Trust (NYSE: BPT) Jumps 5.29%: The Most Likely Path Going Forward

BP Prudhoe Bay Royalty Trust (NYSE:BPT) shares, rose in value on Friday, 08/05/22, with the stock price up by 5.29% to the previous day’s close as strong demand from buyers drove the stock to $14.73.

Actively observing the price movement in the last trading, the stock closed the session at $13.99, falling within a range of $13.48 and $15.20. The value of beta (5-year monthly) was 0.10 whereas the PE ratio was 15.51 over 12-month period. Referring to stock’s 52-week performance, its high was $26.08, and the low was $2.92. On the whole, BPT has fluctuated by -28.53% over the past month.

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The company’s Forward Dividend Ratio is 3.14, with its dividend yield at 21.34%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BPT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 0 recommend it as a Buy and 0 called the BPT stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BPT currently trading nearly -15.52% and -25.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.42, while the 7-day volatility ratio is showing 9.82% which for the 30-day chart, stands at 9.02%. Furthermore, BP Prudhoe Bay Royalty Trust (BPT)’s beta value is 0.02, and its average true range (ATR) is 1.73. The company’s stock has been forecasted to trade at an average price of $12.00 over the course of the next 52 weeks, with a low of $12.00 and a high of $12.00. Based on these price targets, the low is 18.53% off current price, whereas the price has to move 18.53% to reach the yearly target high. Additionally, analysts’ median price of $12.00 is likely to be welcomed by investors because it represents an increase of 18.53% from the current levels.

A comparison of BP Prudhoe Bay Royalty Trust (BPT) with its peers suggests the former has fared considerably weaker in the market. BPT showed an intraday change of 5.29% in last session, and over the past year, it grew by 291.76%%. In comparison, San Juan Basin Royalty Trust (SJT) has moved higher at 1.75% on the day and was up 138.40% over the past 12 months. On the other hand, the price of Marine Petroleum Trust (MARPS) has risen 5.94% on the day. The stock, however, is off 82.29% from where it was a year ago. Additionally, there is a gain of 0.45% for Permian Basin Royalty Trust (PBT) in last trading while the stock has seen an overall depriciation of 241.09%% over the past year. The PE ratio stands at 15.51 for BP Prudhoe Bay Royalty Trust, compared to 13.38 for San Juan Basin Royalty Trust, and 16.54 for Marine Petroleum Trust. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.

Data on historical trading for BP Prudhoe Bay Royalty Trust (NYSE:BPT) indicates that the trading volumes over the past 10 days have averaged 0.51 million and over the past 3 months, they’ve averaged 642.44K. According to company’s latest data on outstanding shares, there are 21.40 million shares outstanding.

Nearly 1.00% of BP Prudhoe Bay Royalty Trust’s shares belong to company insiders and institutional investors own 3.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.61 million shares as on Jul 14, 2022, resulting in a short ratio of 0.87. According to the data, the short interest in BP Prudhoe Bay Royalty Trust (BPT) stood at 2.85% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.47 million. The stock has risen by 274.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BPT stock heading into the next quarter.

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