Shares of Enduro Royalty Trust (NYSE:NDRO) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 1-year consensus price objective of $3.50 for the company, according to Zacks. Zacks has also assigned Enduro Royalty Trust an industry rank of 244 out of 265 based on the ratings given to its competitors.
Separately, Stifel Nicolaus cut Enduro Royalty Trust from a “buy” rating to a “hold” rating and increased their price target for the company from $3.75 to $4.00 in a research note on Wednesday, September 27th.
Enduro Royalty Trust (NYSE:NDRO) last issued its quarterly earnings results on Friday, October 27th. The oil and gas producer reported $0.04 earnings per share for the quarter. Enduro Royalty Trust had a return on equity of 9.68% and a net margin of 28.20%. equities research analysts anticipate that Enduro Royalty Trust will post 0.25 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a $0.0164 dividend. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.00. The ex-dividend date was Thursday, December 28th. This represents a $0.20 annualized dividend and a dividend yield of 6.09%. Enduro Royalty Trust’s dividend payout ratio is presently 64.52%.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Enduro Royalty Trust by 75.4% in the second quarter. Wells Fargo & Company MN now owns 256,640 shares of the oil and gas producer’s stock valued at $834,000 after buying an additional 110,305 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Enduro Royalty Trust in the second quarter valued at about $161,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Enduro Royalty Trust by 164.5% in the third quarter. Bank of New York Mellon Corp now owns 29,101 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 18,100 shares during the period. 57.47% of the stock is owned by institutional investors.
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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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