BP Prudhoe Bay Royalty Trust (NYSE: BPT) is -2.85% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $2.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BPT stock was last observed hovering at around $0.53 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.53, the stock is -3.98% and -7.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing -0.40% at the moment leaves the stock -50.27% off its SMA200. BPT registered -78.78% loss for a year compared to 6-month loss of -57.72%. The firm has a 50-day simple moving average (SMA 50) of $0.569 and a 200-day simple moving average (SMA200) of $1.0628.
The stock witnessed a -9.81% gain in the last 1 month and extending the period to 3 months gives it a 15.14%, and is -3.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.07% over the week and 6.59% over the month.
Distance from 52-week low is 31.99% and -79.75% from its 52-week high.
The EPS is expected to shrink by -120.20% this year
56.0 institutions hold shares in BP Prudhoe Bay Royalty Trust (BPT), with institutional investors hold 6.17% of the company’s shares. The shares outstanding are 21.40M, and float is at 21.40M with Short Float at 12.42%. Institutions hold 6.17% of the Float.
The top institutional shareholder in the company is CREATIVE PLANNING with over 0.27 million shares valued at $0.67 million. The investor’s holdings represent 1.2619 of the BPT Shares outstanding. As of 2024-06-30, the second largest holder is OPPENHEIMER & CO INC with 0.16 million shares valued at $0.41 million to account for 0.7706 of the shares outstanding. The other top investors are TWO SIGMA INVESTMENTS, LP which holds 0.13 million shares representing 0.6065 and valued at over $0.32 million, while INVESCO LTD. holds 0.5978 of the shares totaling 0.13 million with a market value of $0.32 million.
