Enduro Royalty Trust (NYSE:NDRO) Given New $3.75 Price Target at Stifel Nicolaus
Enduro Royalty Trust (NYSE:NDRO) had its target price cut by analysts at Stifel Nicolaus from $4.00 to $3.75 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 10.29% from the stock’s previous close.
Separately, Zacks Investment Research raised Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research note on Friday, May 26th.
Shares of Enduro Royalty Trust (NDRO) remained flat at $3.40 during midday trading on Thursday. 72,532 shares of the stock traded hands. The firm has a 50-day moving average of $3.32 and a 200-day moving average of $3.50. The company has a market cap of $112.20 million, a PE ratio of 14.11 and a beta of 0.35. Enduro Royalty Trust has a 12 month low of $3.05 and a 12 month high of $4.55.
The company also recently disclosed a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.18 annualized dividend and a dividend yield of 5.29%. Enduro Royalty Trust’s dividend payout ratio is currently 72.00%.
A hedge fund recently raised its stake in Enduro Royalty Trust stock. Lucas Capital Management boosted its stake in shares of Enduro Royalty Trust (NYSE:NDRO) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,875 shares of the oil and gas producer’s stock after buying an additional 7,300 shares during the period. Lucas Capital Management owned approximately 0.92% of Enduro Royalty Trust worth $1,015,000 at the end of the most recent reporting period. 57.62% of the stock is owned by institutional investors and hedge funds.
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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