Enduro Royalty Trust (NYSE:NDRO) has received an average broker rating score of 4.00 (Sell) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and one has given a hold recommendation to the company. Enduro Royalty Trust’s rating score has declined by 33.3% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus target price of $2.00 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Enduro Royalty Trust an industry rank of 107 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd.
A hedge fund recently raised its stake in Enduro Royalty Trust stock. JPMorgan Chase & Co. raised its stake in Enduro Royalty Trust (NYSE:NDRO) by 8,771.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,219 shares of the company’s stock after buying an additional 45,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Enduro Royalty Trust worth $171,000 as of its most recent filing with the SEC. 57.68% of the stock is currently owned by hedge funds and other institutional investors.
Enduro Royalty Trust (NYSE:NDRO) traded up 2.64% during trading on Tuesday, hitting $3.50. 29,052 shares of the stock traded hands. Enduro Royalty Trust has a 52-week low of $1.77 and a 52-week high of $4.06. The stock has a market cap of $115.50 million, a P/E ratio of 9.94 and a beta of 0.66. The stock has a 50 day moving average price of $3.42 and a 200-day moving average price of $3.44.
The firm also recently declared a monthly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.037 dividend. This represents a $0.44 annualized dividend and a yield of 13.02%. The ex-dividend date is Wednesday, September 28th. This is an increase from Enduro Royalty Trust’s previous monthly dividend of $0.03. Enduro Royalty Trust’s dividend payout ratio is 107.32%.
About Enduro Royalty Trust
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).
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