Pacific Coast Oil Trust (ROYT) Falls: Stock Goes Down 7.3% - Tale of the Tape

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Pacific Coast Oil Trust ( ROYT ) 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 its Earnings ESP is 0.00%.

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

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PAC COAST OIL (ROYT): Free Stock Analysis Report

EXCO RESOURCES (XCO): Free Stock Analysis Report

MAGELLAN MDSTRM (MMP): Free Stock Analysis Report

FLOTEK INDU INC (FTK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ROYT , XCO , MMP , FTK

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