BP Prudhoe Bay Royalty Trust (NYSE:BPT) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

BP Prudhoe Bay Royalty Trust (NYSE:BPT)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.68 and traded as high as $0.69. BP Prudhoe Bay Royalty Trust shares last traded at $0.68, with a volume of 140,416 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of BP Prudhoe Bay Royalty Trust in a report on Wednesday. They issued a “sell” rating on the stock.

BP Prudhoe Bay Royalty Trust Stock Up 11.3%

The company’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.68.

Institutional Investors Weigh In On BP Prudhoe Bay Royalty Trust

An institutional investor recently bought a new position in BP Prudhoe Bay Royalty Trust stock. Ashton Thomas Private Wealth LLC purchased a new stake in BP Prudhoe Bay Royalty Trust (NYSE:BPT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 429,752 shares of the oil and gas company’s stock, valued at approximately $234,000. Ashton Thomas Private Wealth LLC owned 2.01% of BP Prudhoe Bay Royalty Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 5.66% of the company’s stock.

About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. It is involved in holding overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.