BP Prudhoe Bay Royalty Trust (NYSE:BPT) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) in a report issued on Thursday. The firm set a “sell” rating on the oil and gas company’s stock.

BP Prudhoe Bay Royalty Trust Stock Performance

BPT opened at $0.63 on Thursday. The stock’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $0.67. BP Prudhoe Bay Royalty Trust has a 1 year low of $0.40 and a 1 year high of $2.61.

Institutional Investors Weigh In On BP Prudhoe Bay Royalty Trust

An institutional investor recently bought a new position in BP Prudhoe Bay Royalty Trust stock. Ashton Thomas Private Wealth LLC acquired a new position in BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned about 2.01% of BP Prudhoe Bay Royalty Trust as of its most recent filing with the SEC. 5.66% of the stock is currently owned by hedge funds and other institutional investors.

BP Prudhoe Bay Royalty Trust Company Profile

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.