Enduro Royalty Trust Upgraded by Zacks to “Outperform” (NDRO)
Enduro Royalty Trust (NASDAQ:NDRO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a $13.60 target price on the stock. Zacks‘ price target would indicate a potential upside of 3.90% from the stock’s previous close.
Enduro Royalty Trust (NASDAQ:NDRO) traded down 0.30% during mid-day trading on Tuesday, hitting $13.09. The stock had a trading volume of 154,799 shares. Enduro Royalty Trust has a one year low of $14.66 and a one year high of $19.51. The stock’s 50-day moving average is $15.37 and its 200-day moving average is $15.80. The company has a market cap of $432.0 million and a price-to-earnings ratio of 8.81.
The company also recently announced a monthly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.15 per share. This represents a $1.81 annualized dividend and a dividend yield of 13.86%. The ex-dividend date is Tuesday, October 29th. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.13.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Enduro Royalty Trust from $15.00 to $14.00 in a research note to investors on Thursday, October 10th. They now have a “sector perform” rating on the stock. Analysts at Robert W. Baird upgraded shares of Enduro Royalty Trust from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 30th.
Enduro Royalty Trust (NASDAQ:NDRO) is a statutory trust.
To view Zacks’ full report, visit www.zacks.com
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