Loading...
Loading...
In a report published Friday, Stifel analyst Brian Brungardt Jr. reiterated a Buy rating on
Pacific Coast Oil TrustROYT, 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in