Positive News Coverage Somewhat Likely to Affect Enduro Royalty Trust (NDRO) Stock Price
News headlines about Enduro Royalty Trust (NYSE:NDRO) have been trending positive this week, AlphaOne Sentiment reports. The research firm, a subsidiary of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Enduro Royalty Trust earned a news sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also gave press coverage about the oil and gas producer an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
NDRO has been the subject of a number of research reports. Stifel Nicolaus upgraded Enduro Royalty Trust from a “sell” rating to a “buy” rating and upped their price objective for the company from $2.00 to $4.00 in a research report on Thursday, June 8th. Zacks Investment Research cut Enduro Royalty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th.
Enduro Royalty Trust (NYSE NDRO) remained flat at $3.45 during mid-day trading on Friday. 58,503 shares of the company’s stock were exchanged. Enduro Royalty Trust has a 52-week low of $3.05 and a 52-week high of $4.55. The stock has a 50 day moving average of $3.29 and a 200-day moving average of $3.53. The company has a market capitalization of $113.85 million, a price-to-earnings ratio of 14.32 and a beta of 0.36.
The company also recently declared a monthly dividend, which was paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st were given a dividend of $0.023 per share. The ex-dividend date was Friday, May 26th. This represents a $0.28 dividend on an annualized basis and a yield of 8.00%. Enduro Royalty Trust’s dividend payout ratio is currently 112.00%.
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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