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Enduro Royalty Trust (NYSE:NDRO) target price raised to $4.00, released a report earlier today by Stifel Nicolaus

Indicating a possible upside of 0.14%, Stifel Nicolaus increased the stock price target of Enduro Royalty Trust (NYSE:NDRO) to $4.00

Previously on 05/29/2017, 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%.

Yesterday Enduro Royalty Trust (NYSE:NDRO) traded -1.20% lower at $3.50. NDRO’s 50-day average is $3.78 and its two hundred day average is $3.48. With the last stock price up 17.93% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. Volume of trade was down over the average, with 37,935 shares of NDRO changing hands under the typical 107,971

Performance Chart

Enduro Royalty Trust (NYSE:NDRO)

With a total market value of $0, Enduro Royalty Trust has 52 week low of $3.05 and a 52 week high of $4.55 with a PE ratio of 12.73 .

In addition to Stifel Nicolaus reporting its stock price target, a total of 2 brokers have issued a research note on the company. The average stock price target is $5.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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