Enduro Royalty Trust Stock Price Down 1.7% on Disappointing Earnings (NDRO)
Enduro Royalty Trust (NASDAQ:NDRO) shares were down 1.7% on Tuesday after the company announced weaker than expected quarterly earnings, Analyst Ratings Network reports. The company traded as low as $13.21 and last traded at $13.58, with a volume of 206,519 shares traded. The stock had previously closed at $13.81.
The company reported $0.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.03.
Separately, analysts at Zacks upgraded shares of Enduro Royalty Trust from an “underperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $13.70 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.68.
The stock’s 50-day moving average is $13.80 and its 200-day moving average is $13.05. The company has a market cap of $447.5 million and a price-to-earnings ratio of 9.91.
Enduro Royalty Trust (NASDAQ:NDRO) is a statutory trust.