Enduro Royalty Trust (NYSE:NDRO) had its target price decreased by equities researchers at Stifel Nicolaus from $4.00 to $3.75 in a report released on Thursday, July 13th. The firm currently has a “buy” rating on the oil and gas producer’s stock. Stifel Nicolaus’ price target indicates a potential upside of 7.14% from the company’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 (NYSE:NDRO) traded up 2.94% on Thursday, hitting $3.50. The stock had a trading volume of 12,481 shares. Enduro Royalty Trust has a one year low of $3.05 and a one year high of $4.55. The company has a market cap of $115.50 million, a price-to-earnings ratio of 10.87 and a beta of 0.35. The firm’s 50-day moving average is $3.39 and its 200-day moving average is $3.43.
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Several large investors have recently added to or reduced their stakes in NDRO. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its stake in Enduro Royalty Trust by 52.4% in the second quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 67,780 shares of the oil and gas producer’s stock valued at $220,000 after buying an additional 23,303 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 in the last quarter. Lucas Capital Management raised its stake 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 valued at $1,015,000 after buying an additional 7,300 shares in the last quarter. Finally, Botty Investors LLC raised its stake in Enduro Royalty Trust by 1.4% in the second quarter. Botty Investors LLC now owns 430,086 shares of the oil and gas producer’s stock valued at $1,404,000 after buying an additional 6,083 shares in the last quarter. 57.47% 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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