Enduro Royalty Trust (NDRO) Trading Up -16.1%

Enduro Royalty Trust (NYSE:NDRO) was up 16.1% during trading on Thursday . The company traded as high as $4.41 and last traded at $3.65. Approximately 13,175 shares changed hands during trading, a decline of 90% from the average daily volume of 130,422 shares. The stock had previously closed at $4.35.

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

The company has a market capitalization of $143.55 million, a P/E ratio of 2.87 and a beta of 0.30.

Enduro Royalty Trust (NYSE:NDRO) last released its earnings results on Monday, March 12th. The oil and gas producer reported $1.15 EPS for the quarter. Enduro Royalty Trust had a net margin of 151.70% and a return on equity of 47.00%. The company had revenue of $3.36 million for the quarter. sell-side analysts expect that Enduro Royalty Trust will post 0.18 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 30th will be paid a dividend of $0.0596 per share. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date is Friday, April 27th. This represents a $0.71 dividend on an annualized basis and a yield of 18.33%. Enduro Royalty Trust’s dividend payout ratio (DPR) is presently 52.21%.

A hedge fund recently raised its stake in Enduro Royalty Trust stock. Bank of New York Mellon Corp boosted its position in shares of Enduro Royalty Trust (NYSE:NDRO) by 164.5% during 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 acquiring an additional 18,100 shares during the period. Bank of New York Mellon Corp owned 0.09% of Enduro Royalty Trust worth $127,000 at the end of the most recent quarter. 56.92% of the stock is owned by institutional investors.

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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