San Juan Basin Royalty Trust (NYSE:SJT) Releases Quarterly Earnings Results

San Juan Basin Royalty Trust (NYSE:SJT) announced its quarterly earnings data on Thursday. The oil and gas producer reported ($0.01) EPS for the quarter, Zacks reports.

San Juan Basin Royalty Trust Price Performance

NYSE:SJT traded down $0.07 during midday trading on Friday, hitting $4.16. The company’s stock had a trading volume of 407,152 shares, compared to its average volume of 159,754. San Juan Basin Royalty Trust has a fifty-two week low of $4.07 and a fifty-two week high of $7.22. The firm’s 50 day moving average is $4.69 and its 200-day moving average is $5.35. The firm has a market cap of $194.04 million, a P/E ratio of -416.30 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, San Juan Basin Royalty Trust currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Meixler Investment Management Ltd. increased its holdings in San Juan Basin Royalty Trust by 5.0% in the 4th quarter. Meixler Investment Management Ltd. now owns 52,100 shares of the oil and gas producer’s stock worth $293,000 after buying an additional 2,500 shares during the period. Cetera Investment Advisers acquired a new position in San Juan Basin Royalty Trust in the 4th quarter worth approximately $64,000. Boothbay Fund Management LLC increased its holdings in San Juan Basin Royalty Trust by 54.0% in the 4th quarter. Boothbay Fund Management LLC now owns 33,414 shares of the oil and gas producer’s stock worth $188,000 after buying an additional 11,710 shares during the period. Two Sigma Investments LP grew its stake in shares of San Juan Basin Royalty Trust by 20.8% during the 3rd quarter. Two Sigma Investments LP now owns 69,023 shares of the oil and gas producer’s stock worth $417,000 after purchasing an additional 11,863 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of San Juan Basin Royalty Trust by 22.8% during the 4th quarter. Royal Bank of Canada now owns 68,922 shares of the oil and gas producer’s stock worth $387,000 after purchasing an additional 12,798 shares during the period. Institutional investors and hedge funds own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust (NYSE: SJT) is a statutory trust that holds overriding royalty interests in oil and natural gas properties located in the San Juan Basin of New Mexico and Colorado. As a passive royalty trust, it does not operate any wells or fields directly. Instead, the trust receives revenue from the sale of hydrocarbons produced on its acreage, then distributes this income to unitholders on a monthly basis.

The trust’s income is derived primarily from natural gas production, along with associated natural gas liquids and a smaller volume of crude oil.