BPT Trust (BPT) Stock Surges Amidst Market Volatility

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Oct 25, 2024
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BPT Trust (BPT, Financial) experienced a notable stock movement with its price surging by 7.02%. The stock is currently trading at $1.22 per share, with a trading volume of 114,552 shares and a turnover rate of 0.54%. The price fluctuation marked a 3.95% amplitude.

Recent financial reports reveal no revenue, net profit, or earnings per share, while the gross margin data remains unavailable. The price-to-earnings ratio stands at -22.92. Currently, no investment institutions have provided a "buy," "hold," or "sell" recommendation for BPT Trust.

In the oil and gas midstream industry, where BPT Trust operates, there was an overall decline of 0.71%. Within this sector, BPT Trust, Brooge Energy Limited, and Summit Midstream Corporation showed significant gains. BPT Trust, Torm Plc, and Scorpio Tankers Inc. were notably active with turnover rates of 0.61%, 0.57%, and 0.55%, respectively. Stocks demonstrating significant price volatility include Brooge Energy Limited, Top Ships, Inc., and BPT Trust, with amplitudes of 13.52%, 11.47%, and 7.89%.

BPT Trust, known as BP Prudhoe Bay Royalty Trust, operates as a settlor trust in the United States. It has rights to royalties from oil and condensate production at the Prudhoe Bay oil field on Alaska’s North Slope, acquired through BP Exploration (Alaska) Inc.'s working interest.

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.