Pacific Coast Oil Trust (ROYT) Falls: Stock Goes Down 7.3% - Tale of the Tape

Loading...
Loading...
Pacific Coast Oil Trust ROYT saw a big move last session, as the company's shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $12.72 to $13.06 in the past one-month time frame.

The oil and gas holding company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

ROYT currently has a Zacks Rank #3 (Hold) while itsEarnings ESP is 0.00%.

Some better-ranked stocks from the broader energy sector include EXCO Resources Inc. XCO, Magellan Midstream Partners LP MMP and Flotek Industries Inc. FTK. All these stocks hold a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report


PAC COAST OIL ROYT: Free Stock Analysis Report

EXCO RESOURCES XCO: Free Stock Analysis Report

MAGELLAN MDSTRM MMP: Free Stock Analysis Report

FLOTEK INDU INC FTK: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...