Enduro Royalty Trust (NYSE:NDRO) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded Enduro Royalty Trust (NYSE:NDRO) to Hold in a statement released on 11/30/2016.
Having a price of $3.65, Enduro Royalty Trust (NYSE:NDRO) traded -1.37% lower on the day. With the last stock price up 1.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. NDRO has recorded a 50-day average of $3.58 and a two hundred day average of $3.56. Trade Volume was down over the average, with 41,144 shares of NDRO changing hands under the typical 55,269
Recent Performance Chart
Enduro Royalty Trust has price-earnings ratio of 12.37 with a one year low of $1.77 and a one year high of $4.06 and has a total market value of $0.
A total of 2 equity analysts have released a ratings update on NDRO. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $5.00.
More 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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