Stifel Nicolaus Reiterates Their Sell Rating on Enduro Royalty Trust

By Ryan Adsit

In a report issued on May 23, Brian Brungardt from Stifel Nicolaus reiterated a Sell rating on Enduro Royalty Trust (NYSE: NDRO), with a price target of $2. The company’s shares closed yesterday at $3.20, close to its 52-week low of $3.15.

According to TipRanks.com, Brungardt is ranked 0 out of 5 stars with an average return of -14.6% and a 40.0% success rate. Brungardt covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Antero Midstream Partners, and EnLink Midstream Partners.

Enduro Royalty Trust has an analyst consensus of Moderate Sell, with a price target consensus of $2.

The company has a one year high of $4.55 and a one year low of $3.15. Currently, Enduro Royalty Trust has an average volume of 41.54K.

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Enduro Royalty Trust operates as a statutory trust. It acquires and holds 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 Resource Partners LLC, for the benefit of the trust unitholders. The company was founded in May 2011 and is headquartered in Austin, TX.