Notable Price Action: Could Enduro Royalty Trust Change Direction After Today’s Significant Decline?

Notable Price Action: Could Enduro Royalty Trust Change Direction After Today's Significant Decline?

The stock of Enduro Royalty Trust (NYSE:NDRO) is a huge mover today! The stock decreased 6.25% or $0.25 on November 23, hitting $3.75. About 96,036 shares traded hands or 63.09% up from the average. Enduro Royalty Trust (NYSE:NDRO) has risen 5.34% since April 22, 2016 and is uptrending. It has underperformed by 0.07% the S&P500.
The move comes after 8 months negative chart setup for the $120.54 million company. It was reported on Nov, 24 by Barchart.com. We have $3.45 PT which if reached, will make NYSE:NDRO worth $9.64 million less.

Analysts await Enduro Royalty Trust (NYSE:NDRO) to report earnings on March, 10. NDRO’s profit will be $2.57 million for 11.72 P/E if the $0.08 EPS becomes a reality. After $0.06 actual EPS reported by Enduro Royalty Trust for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

According to Zacks Investment Research, “Enduro Royalty Trust is formed by Enduro Sponsor to earn net profits interest from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana and New Mexico. Enduro Royalty Trust is based in Austin, Texas.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.18, from 1.29 in 2016Q1. The ratio worsened, as 3 funds sold all Enduro Royalty Trust shares owned while 4 reduced positions. 4 funds bought stakes while 5 increased positions. They now own 18.95 million shares or 0.02% less from 18.95 million shares in 2016Q1.
Deutsche Comml Bank Ag holds 0% of its portfolio in Enduro Royalty Trust (NYSE:NDRO) for 7,715 shares. State Bank Of America Corp De last reported 1,500 shares in the company. Amg Natl Trust National Bank has invested 0.06% of its portfolio in Enduro Royalty Trust (NYSE:NDRO). Morgan Stanley accumulated 0% or 69,301 shares. Spot Trading Lc owns 5,529 shares or 0% of their US portfolio. Wells Fargo Mn last reported 51,020 shares in the company. Rr Advisors Limited Liability Corporation reported 258,000 shares or 0.14% of all its holdings. Royal Retail Bank Of Canada owns 101,100 shares or 0% of their US portfolio. Cohen Cap Mgmt has 12,452 shares for 0.01% of their US portfolio. Us National Bank & Trust De holds 600 shares or 0% of its portfolio. Creative Planning last reported 1,000 shares in the company. King Luther Cap Mgmt Corporation reported 20,000 shares or 0% of all its holdings. Carlyle Group Limited Partnership has 0.56% invested in the company for 8.60M shares. Jpmorgan Chase And, a New York-based fund reported 46,219 shares. Botty Invsts Limited Liability Corporation has invested 1.29% of its portfolio in Enduro Royalty Trust (NYSE:NDRO).

More news for Enduro Royalty Trust (NYSE:NDRO) were recently published by: Marketwatch.com, which released: “Enduro Royalty Trust downgraded to sell from hold at Stifel Nicolaus” on November 05, 2011. Seekingalpha.com‘s article titled: “Enduro Royalty Trust Pays Solid 10% Distiribution” and published on January 29, 2014 is yet another important article.

NDRO Company Profile

Enduro Royalty Trust (the Trust), incorporated on May 3, 2011, 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 from properties located in the Rockies, the Permian Basin of west Texas and southeastern New Mexico, and the Arklatex region of Texas and Louisiana.

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