As volatility creeps into BP Prudhoe Bay Royalty Trust (NYSE:BPT), investors need to pay close attention to to the factors affecting stock today as its shares are trading 3.19% or 0.53 points down from last closing price of $16.63, reaching $16.1 at last check. The BPT share price has dropped in 3 of the last 5 days and is down -40.42% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -124,413 shares, and in total 220287 shares valued at $3.547 million were seen changing hands compared with 344700 shares valued at $5.732 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the BPT stock is near its bottom.
BP Prudhoe Bay Royalty Trust (BPT) shares have notched a 3-month decline of about -40.42%, but has still tumbled -23.15% year to date. By comparison, the stock sank -39.2% over the past 12 months, while it slipped -17.1% over the 1 month. The company’s market cap is around $357.38M, with its short interest ratio standing at 3.91%.
In the current trading session for BPT, the stock witnessed two major price actions, it rose to a high of $16.65 and was down as much as $15.91 at one point. The high recorded is very low when compared to their 52-week high which is $16.22. The 52-week high is now at -56.81 distance from current price. Their recent low of $37.23 represents a -0.86% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of BP Prudhoe Bay Royalty Trust earned $5.07 per share in the trailing 12 months and has a P/E ratio of 3.18. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 23.44 and lower compared to the sector’s average of 10.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. BPT also has P/S multiple of 3.16. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.84x.
BPT‘s last price was down -37.89% as compared to the average trading price of 50 days recorded at $25.92 while enlarging the period to 200 trading days, the average closing price was $20.33. At present, there are 21.49 million in the total number of common shares owned by the public and among those 21.4 million shares have been available to trade. The percentage of shares being held by the company management was 1% while institutions stake was 4.5%. The company has generated negative returns on equity over the last 12 months (0%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the BPT stock, there is another set of technicals that should be looked into and considered. Its -12.49% decline from moving average of $18.4 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of -0.04 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -10.2%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -10.1 over the last five years. The company recently recorded a drop of -17.7%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards BPT stock. Marshall Wace North America L.P. added position in the company after it grew 50% or 936 shares of its common stock. The hedge fund now owns 1,404 shares worth $22,604, SEC documents show. Advisory Services Network LLC shored up assets in the stock as 6645.99 shares have been purchased, increasing its stake by 9.6% to 7,284 shares which are currently valued at $117,272. In addition, Ladenburg Thalmann Financial Services Inc. recently reported that it now owns 13,041 shares making a total of $209,960 based on the recent price. This refelects a change of -11.7% in their ownership.