BPT Stock Summary and Trading Ideas (BP Prudhoe Bay Royalty Trust | NYSE:BPT)

BP Prudhoe Bay Royalty Trust is a grantor trust operating in the US. The property of the Trust consists of an overriding royalty interest. The Royalty Interest entitles the Trust to receive the royalty from the production of crude oil and condensate from the working interest of BP Exploration (Alaska) Inc. in the Prudhoe Bay oil field located on the North Slope of Alaska.

BP Prudhoe Bay Royalty Trust trades on the NYSE stock market under the symbol BPT.

As of April 18, 2024, BPT stock price was flat at $2.35 with 143,029 million shares trading.

BPT has a beta of -0.80, meaning it tends to be less sensitive to market movements. BPT has a correlation of 0.01 to the broad based SPY ETF.

BPT has a market cap of $50.29 million. This is considered a Micro Cap stock.

In the last 3 years, BPT stock traded as high as $26.08 and as low as $2.00.

BPT has underperformed the market in the last year with a price return of -69.8% while the SPY ETF gained +22.3%. BPT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.4% and -26.1%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

BPT support price is $2.21 and resistance is $2.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BPT stock will trade within this expected range on the day.