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Stifel Reiterates Rating, Lowers Price Target On Pacific Coast Oil Trust On Updated Estimates

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In a report published Friday, Stifel analyst Brian Brungardt Jr. reiterated a Buy rating on Pacific Coast Oil Trust (NYSE: ROYT), but lowered the price target from $11.50 to $9.00.

In the report, Stifel noted, “We are updating our estimates reflecting the material lower commodity environment. Using a weighted scenario analysis and applying a 10% discount rate, we arrive at fair value estimate of approximately $8.99. In turn, we are maintaining our Buy rating and lowering our target price to $9.00.”

Pacific Coast Oil Trust closed on Thursday at $5.32.

Latest Ratings for ROYT

DateFirmActionFromTo
Jul 2017Stifel NicolausDowngradesBuyHold
Mar 2017Stifel NicolausUpgradesHoldBuy
Feb 2017Stifel NicolausDowngradesBuyHold

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Posted-In: Brian Brungardt Jr. StifelAnalyst Color Price Target Analyst Ratings

 

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