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A statement released earlier today by Stifel about Enduro Royalty Trust (NYSE:NDRO) ups the target price to $4.00

Yesterday Enduro Royalty Trust (NYSE:NDRO) traded -1.20% lower at $3.50. The company’s 50-day moving average is $3.78 and its 200-day moving average is $3.48. The last stock close price is up 17.93% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 37,935 shares of the stock were exchanged, down from an average trading volume of 107,971

In a report released on 06/08/2017 Stifel increased the stock price target of Enduro Royalty Trust (NYSE:NDRO) from $2.00 to $4.00 indicating a possible upside of 0.14%.

Previously on 5/29/2017, Stifel Nicolaus reported about Enduro Royalty Trust (NYSE:NDRO) raised the target price from $0.00 to $2.00. At the time, this indicated a possible downside of -0.38%.

See Chart Below

Enduro Royalty Trust (NYSE:NDRO)

Enduro Royalty Trust has a 52 week low of $3.05 and a 52 week high of $4.55 with a P/E ratio of 12.73 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 2 firms have reported on the stock. The consensus target price is $5.00 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Enduro Royalty Trust (NYSE:NDRO)

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). The properties in which the Trust holds the Net Profits Interest are referred to as the Underlying Properties. Enduro is engaged in the production and development of oil and natural gas. The Underlying Properties comprises producing and non-producing interests in oil and natural gas units, wells and lands.

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