Favorable Media Coverage Somewhat Unlikely to Affect Enduro Royalty Trust (NDRO) Stock Price
Media stories about Enduro Royalty Trust (NYSE:NDRO) have trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Enduro Royalty Trust earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 47.1869734704355 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, Stifel Nicolaus cut Enduro Royalty Trust from a “buy” rating to a “hold” rating and upped their price target for the company from $3.75 to $4.00 in a report on Wednesday, September 27th.
Shares of Enduro Royalty Trust (NYSE:NDRO) opened at $2.90 on Wednesday. Enduro Royalty Trust has a one year low of $2.75 and a one year high of $4.45. The stock has a market cap of $99.00, a price-to-earnings ratio of 9.68 and a beta of 0.45.
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About Enduro Royalty Trust
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).
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