Could BP Prudhoe Bay Royalty Trust Decline After Today’s Tip From Option Traders?

 Could BP Prudhoe Bay Royalty Trust Decline After Today's Tip From Option Traders?

In today’s session BP Prudhoe Bay Royalty Trust (BPT) registered an unusually high (212) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BPT increase. With 212 contracts traded and 174 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BPT161118C00022500 closed last at: $0.45 or 80% up. About 134,548 shares traded hands. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has declined 7.23% since March 9, 2016 and is downtrending. It has underperformed by 14.64% the S&P500.

Analysts await BP Prudhoe Bay Royalty Trust (NYSE:BPT) to report earnings on November, 14.

According to Zacks Investment Research, “BP Prudhoe Bay Royalty Trust is set up in the following manner. BP Exploration, Inc. conveyed an overriding royalty interest on barrels of oil to The Standard Oil Company. The Standard Oil Company, in turn, conveyed these interests to the BP Prudhoe Bay Royalty Trust.”

BP Prudhoe Bay Royalty Trust is a grantor trust. The company has a market cap of $424.86 million. The property of the Trust consists of an overriding royalty interest, and cash and cash equivalents held by the Trustee from time to time. It has a 6.98 P/E ratio. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.

BPT Company Profile

BP Prudhoe Bay Royalty Trust, incorporated on February 21, 1989, is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit.

More notable recent BP Prudhoe Bay Royalty Trust (NYSE:BPT) news were published by: Blogs.Wsj.com which released: “BP Prudhoe Bay Royalty Trust ‘Dying'” on March 21, 2016, also Fool.com with their article: “Read This Before You Buy BP Prudhoe Bay Royalty Trust Stock” published on April 07, 2016, Fool.com published: “The Worst Mistake BP Prudhoe Bay Royalty Trust Investors Can Make Right Now” on May 03, 2016. More interesting news about BP Prudhoe Bay Royalty Trust (NYSE:BPT) were released by: Nasdaq.com and their article: “BP Prudhoe Bay Royalty Trust (BPT) Ex-Dividend Date Scheduled for October 12, 2016” published on October 11, 2016 as well as Fool.com‘s news article titled: “Is BP Prudhoe Bay Royalty Trust’s Sky-High Yield Worth Buying Today?” with publication date: September 16, 2015.

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