BP Prudhoe Bay Royalty Reaches New 52-Week High (BPT)

NEW YORK ( TheStreet) -- BP Prudhoe Bay Royalty (NYSE: BPT) hit a new 52-week high Tuesday as it is currently trading at $127.34, above its previous 52-week high of $127 with 22,637 shares traded as of 10:29 a.m. ET. Average volume has been 74,100 shares over the past 30 days.

BP Prudhoe Bay Royalty has a market cap of $2.48 billion and is part of the basic materials sector and energy industry. Shares are up 11.2% year to date as of the close of trading on Monday.

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The company has a P/E ratio of 47.2, above the average energy industry P/E ratio of 12.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BP Prudhoe Bay Royalty as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full BP Prudhoe Bay Royalty Ratings Report.

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