Enduro Royalty Trust (NDRO) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Enduro Royalty Trust (NYSE:NDRO) from a sell rating to a hold rating in a research report released on Saturday morning.

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. “

Separately, Stifel Nicolaus upgraded Enduro Royalty Trust from a sell rating to a buy rating and increased their price objective for the stock from $2.00 to $4.00 in a research report on Thursday, June 8th.

Shares of Enduro Royalty Trust (NYSE NDRO) opened at 3.30 on Friday. The stock has a 50 day moving average price of $3.41 and a 200 day moving average price of $3.41. The company has a market capitalization of $108.90 million, a price-to-earnings ratio of 10.25 and a beta of 0.35. Enduro Royalty Trust has a 1-year low of $3.05 and a 1-year high of $4.55.

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a $0.0112 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.13 annualized dividend and a yield of 4.08%. Enduro Royalty Trust’s payout ratio is 39.39%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu KCG Holdings LLC acquired a new position in shares of Enduro Royalty Trust during the second quarter valued at $161,000. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its position in shares of 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 during the last quarter. Wells Fargo & Company MN raised its position 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 last quarter. Botty Investors LLC raised its position in shares of 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 during the last quarter. Finally, Lucas Capital Management raised its position in shares of 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 during the last quarter. Institutional investors own 57.52% 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).

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