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Pacific Coast Oil Trust (ROYT) Falls: Stock Goes Down 7.3%
July 18, 2014

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Pacific Coast Oil Trust (ROYT - Free Report) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $12.72 to $13.06 in the past one-month time frame.

The oil and gas holding company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

ROYT currently has a Zacks Rank #3 (Hold) while itsEarnings ESP is 0.00%.

Some better-ranked stocks from the broader energy sector include EXCO Resources Inc. , Magellan Midstream Partners LP (MMP - Free Report) and Flotek Industries Inc. (FTK - Free Report) . All these stocks hold a Zacks Rank #1 (Strong Buy).

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