Analysts Set $3.50 Target Price for Enduro Royalty Trust (NDRO)

Shares of Enduro Royalty Trust (NYSE:NDRO) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a one year consensus price objective of $3.50 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Enduro Royalty Trust an industry rank of 101 out of 255 based on the ratings given to its competitors.

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Separately, Zacks Investment Research raised Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th.

A hedge fund recently raised its stake in Enduro Royalty Trust stock. Wells Fargo & Company MN grew its holdings in shares of Enduro Royalty Trust (NYSE:NDRO) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 506,819 shares of the oil and gas producer’s stock after buying an additional 142,116 shares during the period. Wells Fargo & Company MN owned 1.54% of Enduro Royalty Trust worth $1,596,000 as of its most recent SEC filing. Institutional investors own 57.94% of the company’s stock.

Shares of Enduro Royalty Trust remained flat at $$3.45 during mid-day trading on Friday, according to MarketBeat.com. The stock had a trading volume of 122,142 shares, compared to its average volume of 125,502. Enduro Royalty Trust has a 52-week low of $2.75 and a 52-week high of $4.45. The stock has a market capitalization of $113.85 million, a PE ratio of 2.54 and a beta of 0.27.

Enduro Royalty Trust (NYSE:NDRO) last posted its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Enduro Royalty Trust had a return on equity of 47.00% and a net margin of 98.22%. The firm had revenue of $18.63 million for the quarter. equities analysts anticipate that Enduro Royalty Trust will post 0.18 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.058 per share. The ex-dividend date is Thursday, June 28th. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.03. This represents a $0.70 annualized dividend and a dividend yield of 20.17%. Enduro Royalty Trust’s payout ratio is 30.15%.

About Enduro Royalty Trust

Enduro Royalty Trust operates a statutory trust. It owns a net profits interest representing the right to receive an 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico held by Enduro Resource Partners LLC. The company was founded in 2011 and is based in Houston, Texas.

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