San Juan Basin Royalty Trust (NYSE:SJT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, TheStreet raised shares of San Juan Basin Royalty Trust from a “c” rating to a “b-” rating in a report on Wednesday, May 31st.

San Juan Basin Royalty Trust (NYSE SJT) opened at 6.80 on Friday. San Juan Basin Royalty Trust has a 52-week low of $5.19 and a 52-week high of $8.00. The company has a 50 day moving average price of $6.80 and a 200 day moving average price of $7.02. The firm has a market capitalization of $316.93 million, a P/E ratio of 12.27 and a beta of -0.46.

San Juan Basin Royalty Trust (NYSE:SJT) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported $0.13 earnings per share for the quarter. The company had revenue of $6.45 million during the quarter. San Juan Basin Royalty Trust had a net margin of 92.24% and a return on equity of 337.99%.

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Several hedge funds and other institutional investors have recently bought and sold shares of SJT. Advisory Services Network LLC increased its position in San Juan Basin Royalty Trust by 7.5% in the second quarter. Advisory Services Network LLC now owns 58,672 shares of the oil and gas producer’s stock worth $400,000 after buying an additional 4,102 shares during the last quarter. Wealthsource Partners LLC increased its position in San Juan Basin Royalty Trust by 2.9% in the second quarter. Wealthsource Partners LLC now owns 82,146 shares of the oil and gas producer’s stock worth $559,000 after buying an additional 2,299 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in San Juan Basin Royalty Trust by 16.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 51,621 shares of the oil and gas producer’s stock worth $352,000 after buying an additional 7,252 shares during the last quarter. Virtu KCG Holdings LLC increased its position in San Juan Basin Royalty Trust by 121.8% in the second quarter. Virtu KCG Holdings LLC now owns 43,049 shares of the oil and gas producer’s stock worth $293,000 after buying an additional 23,644 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in San Juan Basin Royalty Trust by 38.8% in the second quarter. Citadel Advisors LLC now owns 37,642 shares of the oil and gas producer’s stock worth $256,000 after buying an additional 10,530 shares during the last quarter. Institutional investors own 27.09% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP (Burlington), in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).

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