Shares of BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded today at $9.89, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 652,000 shares traded hands, while the average 30-day volume is approximately 635,000 shares.
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.
In the past 52 weeks, shares of BP Prudhoe Bay Royalty Trust have traded between a low of $2.92 and a high of $9.89 and is now at $9.82, which is 236% above that low price.
BP Prudhoe Bay Royalty Trust has overhead space with shares priced $9.82, or 93.3% below the average consensus analyst price target of $146.53.
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