BPT Sees Significant Stock Surge Amid No Recent Earnings

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Oct 11, 2024
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BPT Trust (BPT, Financial) experienced a notable stock price increase of 5.65%. The stock is currently priced at $1.31 per share with a trading volume of 133,164 shares and a turnover rate of 0.62%, exhibiting a price volatility of 7.26%.

The recent financial report for BPT indicates no recorded revenue, net income, or earnings per share, with a current price-to-earnings ratio of -25.59. Currently, no institutional ratings recommend buying, holding, or selling the stock.

Within the midstream oil and gas industry, the sector overall increased by 0.87%. Among the noteworthy gainers are Cbl International Limited, Permian Basin Royalty Trust, and BPT Trust. The most active stocks include DT Midstream, Inc., Targa Resources, Inc., and Marine Petroleum Trust, with respective turnover rates of 0.64%, 0.63%, and 0.62%. Stocks with significant price swings include Cbl International Limited, Brooge Energy Limited, and BPT Trust, with volatility percentages of 12.49%, 7.62%, and 7.26% respectively.

BPT Trust, known as BP Prudhoe Bay Royalty Trust, is an American trust company. It holds royalty interests giving it the right to royalties from BP Exploration (Alaska) Inc.'s production of crude oil and condensate in Alaska's Prudhoe Bay oil field.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.