It Seems BP Prudhoe Bay Royalty Trust (BPT) Will Go Down. Have Another Big Decline

The stock of BP Prudhoe Bay Royalty Trust (NYSE:BPT) is a huge mover today! The stock decreased 2.60% or $0.24 during the last trading session, reaching $8.99. About 394,469 shares traded or 9.83% up from the average. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has declined 64.46% since September 11, 2018 and is downtrending. It has underperformed by 64.46% the S&P500.
The move comes after 8 months negative chart setup for the $179.88 million company. It was reported on Sep, 11 by Barchart.com. We have $8.27 PT which if reached, will make NYSE:BPT worth $14.39M less.

More notable recent BP Prudhoe Bay Royalty Trust (NYSE:BPT) news were published by: Seekingalpha.com which released: “BP Prudhoe Royalty Trust: Beware – Seeking Alpha” on September 14, 2016, also Benzinga.com with their article: “Stocks That Managed to Breach 52-Week Lows Friday – Benzinga” published on July 26, 2019, Seekingalpha.com published: “Dividends By The Numbers For March 2019 And Q1 2019 – Seeking Alpha” on April 02, 2019. More interesting news about BP Prudhoe Bay Royalty Trust (NYSE:BPT) were released by: Benzinga.com and their article: “List of Companies Reaching Yearly Lows Tuesday – Benzinga” published on July 23, 2019 as well as Thestreet.com‘s news article titled: “BP Prudhoe Bay Royalty Trust Stock Downgraded (BPT) – TheStreet.com” with publication date: November 14, 2012.

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company has market cap of $179.88 million. The firm holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. It has a 2.17 P/E ratio. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.

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