Zacks: Enduro Royalty Trust (NDRO) Given $3.50 Consensus Target Price by Brokerages

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

Analysts have set a twelve-month consensus target price of $3.50 for the company and are expecting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Enduro Royalty Trust an industry rank of 231 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Enduro Royalty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th.

NYSE NDRO traded up $0.07 on Thursday, reaching $3.52. The company had a trading volume of 84,628 shares, compared to its average volume of 54,101. The firm has a market cap of $112.20, a PE ratio of 2.59 and a beta of 0.32. Enduro Royalty Trust has a 1-year low of $2.75 and a 1-year high of $4.45.

The business also recently announced a monthly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were paid a $0.04 dividend. The ex-dividend date was Wednesday, March 28th. This is a positive change from Enduro Royalty Trust’s previous monthly dividend of $0.04. This represents a $0.48 dividend on an annualized basis and a yield of 13.64%. Enduro Royalty Trust’s dividend payout ratio is presently 36.03%.

A hedge fund recently raised its stake in Enduro Royalty Trust stock. Bank of New York Mellon Corp increased its stake in Enduro Royalty Trust (NYSE:NDRO) by 164.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,101 shares of the oil and gas producer’s stock after purchasing an additional 18,100 shares during the period. Bank of New York Mellon Corp owned approximately 0.09% of Enduro Royalty Trust worth $127,000 as of its most recent filing with the Securities and Exchange Commission. 56.83% of the stock is currently owned by institutional investors.

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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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