Stifel Downgrades Pacific Coast Oil Trust (ROYT) to Hold

Stifel downgraded Pacific Coast Oil Trust (NYSE: ROYT) from Buy to Hold with a price target of $1.50 (from $2.00).

Analyst Brian Brungardt Jr. updated his model estimates for the company to reflect the update made to the Stifel commodity price deck. The deck resulted in a material lowering of estimates through FY 2018. He expects the trust will meet its $2 million in proceeds attributable to Conveyed Interests in FY 2018.

For an analyst ratings summary and ratings history on Pacific Coast Oil Trust click here. For more ratings news on Pacific Coast Oil Trust click here.

Shares of Pacific Coast Oil Trust closed at $1.68 yesterday.

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