Shares of Enduro Royalty Trust (NYSE:NDRO) have been assigned a consensus broker rating score of 4.00 (Sell) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating and one has given a hold rating to the company.
Analysts have set a 1-year consensus price objective of $2.00 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Enduro Royalty Trust an industry rank of 247 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Enduro Royalty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 23rd.
Enduro Royalty Trust (NYSE:NDRO) traded down 0.1480% during midday trading on Monday, reaching $3.6446. The company’s stock had a trading volume of 10,875 shares. Enduro Royalty Trust has a 52-week low of $1.77 and a 52-week high of $4.06. The firm has a 50 day moving average of $3.57 and a 200 day moving average of $3.56. The firm has a market cap of $120.27 million, a P/E ratio of 12.5244 and a beta of 0.63.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.028 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 9.08%.
Several institutional investors have recently modified their holdings of NDRO. Botty Investors LLC increased its position in shares of Enduro Royalty Trust by 1.9% in the third quarter. Botty Investors LLC now owns 619,031 shares of the company’s stock worth $2,191,000 after buying an additional 11,500 shares during the period. JPMorgan Chase & Co. increased its position in shares of Enduro Royalty Trust by 19.1% in the third quarter. JPMorgan Chase & Co. now owns 55,069 shares of the company’s stock worth $195,000 after buying an additional 8,850 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Enduro Royalty Trust by 71.6% in the third quarter. Wells Fargo & Company MN now owns 87,549 shares of the company’s stock worth $311,000 after buying an additional 36,529 shares during the period. Institutional investors own 57.94% of the company’s stock.
Enduro Royalty Trust Company Profile
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).