Gulf Coast Ultra Deep Royalty Trust (GULTU)
Gulf Coast Ultra Deep Royalty Trust operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $0.04, down 2.56% on the session, giving a market capitalisation of $8.7M. On trailing twelve-month figures it carries a trailing P/E of -63.33, a net margin of -14590.6%. Its beta of 0.35 implies it has historically moved less than the broad market.
Gulf Coast Ultra Deep Royalty Trust is structured as a statutory trust. Its primary asset is a 5% gross overriding royalty interest, which is derived from future production generated by McMoRan Oil & Gas LLC's lower tertiary/cretaceous exploration prospects. These prospects are situated in both the shallow waters of the Gulf of Mexico and various onshore locations throughout South Louisiana. The trust's corporate headquarters are located in Houston, Texas.
Gulf Coast Ultra Deep Royalty Trust is most often compared with the following Energy names: