BP Prudhoe Bay Royalty Trust (BPT) Insiders Move Reflect Future Prospects

BP Prudhoe Bay Royalty Trust (NYSE:BPT) rose 0.75% in recent trade and currently has a stock-market value of $426.23M. The shares finished at $20.21, after trading as low as $19.65 earlier in the session. It hit an intraday high Wednesday at $20.26. Trading activity significantly improved as the volume at ready counter increased to 289,784 shares versus 252,870 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 324,620 shares. The stock is now 18.88% above against its bear-market low of $17 on December 24, 2018. It has retreated -84.22% since it’s 52-week high of $37.23 reached in October. Now the market price is down -20.59% on the year and down -6.61% YTD.

BPT stock’s 50 day simple moving average (SMA 50) price is $23.43 and its 200-day simple moving average (SMA 200) price is $26.9. The company’s stock currently has a total float of 21.09M shares. Its weekly volatility is hovering around 2.77% and felt 3.99% volatility in price over a month. On the upside, the share price will test short term resistance at around $20.43. On a downside, the stock is likely to find some support, which begins at $19.82. The failure to get near-term support could push it to $19.43.

It had seen a negative analyst call from Citigroup, which downgraded the stock from Hold to Sell on February 05. Analysts at AG Edwards, shed their negative views on February 23 by lifting it fromSell to Hold.

When looking at valuations, BP Prudhoe Bay Royalty Trust (BPT) has a cheap P/E of 3.82x as compared to industry average of 20.19x. Also, it is trading at rather expensive levels at just over 631.56x price/book and 3.73x price/sales. Compared to others, BP Prudhoe Bay Royalty Trust is in a different league with regards to profitability, having net margins of 94.8%. To put some perspective around this, the industry’s average net margin is 4.36%.

Shares of BPT have dropped -25.3% since the company’s most recent earnings report. Over the past 1 fiscal quarters, BP Prudhoe Bay Royalty Trust (NYSE:BPT) has topped consensus earnings estimates in 0 quarters (0%), missed earnings in 1 quarters (8%), whereas at 0 occasion EPS met analyst expectations.