Enduro Royalty Trust (NDRO) Raised to Hold at Zacks Investment Research
Enduro Royalty Trust (NYSE:NDRO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Enduro Royalty Trust is formed by Enduro Sponsor to earn net profits interest from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana and New Mexico. Enduro Royalty Trust is based in Austin, Texas. “
Enduro Royalty Trust (NYSE:NDRO) traded down 0.84% during trading on Friday, reaching $3.20. 24,872 shares of the company’s stock traded hands. The firm’s 50 day moving average is $3.35 and its 200-day moving average is $3.55. The company has a market capitalization of $105.60 million, a price-to-earnings ratio of 13.28 and a beta of 0.68. Enduro Royalty Trust has a 12 month low of $3.15 and a 12 month high of $4.55.
The business also recently announced a monthly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.023 per share. The ex-dividend date is Friday, May 26th. This represents a $0.28 annualized dividend and a dividend yield of 8.63%.
Several institutional investors have recently bought and sold shares of NDRO. RR Advisors LLC raised its position in shares of Enduro Royalty Trust by 35.7% in the fourth quarter. RR Advisors LLC now owns 380,000 shares of the oil and gas producer’s stock valued at $1,312,000 after buying an additional 100,000 shares in the last quarter. Botty Investors LLC increased its position in Enduro Royalty Trust by 1.9% in the third quarter. Botty Investors LLC now owns 619,031 shares of the oil and gas producer’s stock worth $2,191,000 after buying an additional 11,500 shares during the period. Finally, Lucas Capital Management increased its position in Enduro Royalty Trust by 2.5% in the first quarter. Lucas Capital Management now owns 302,875 shares of the oil and gas producer’s stock worth $1,015,000 after buying an additional 7,300 shares during the period. Institutional investors own 58.43% 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enduro Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enduro Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.