StockNews.com Upgrades San Juan Basin Royalty Trust (NYSE:SJT) to “Hold”

San Juan Basin Royalty Trust (NYSE:SJT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

San Juan Basin Royalty Trust Trading Down 2.8 %

San Juan Basin Royalty Trust stock opened at $3.82 on Thursday. San Juan Basin Royalty Trust has a 12-month low of $3.59 and a 12-month high of $8.30. The firm has a 50 day moving average of $4.31 and a 200 day moving average of $4.95. The firm has a market capitalization of $178.05 million, a price-to-earnings ratio of 9.10 and a beta of 0.82.

San Juan Basin Royalty Trust (NYSE:SJT) last posted its earnings results on Tuesday, May 14th. The oil and gas producer reported $0.09 EPS for the quarter. The firm had revenue of $5.11 million during the quarter. San Juan Basin Royalty Trust had a return on equity of 715.03% and a net margin of 89.64%.

Institutional Investors Weigh In On San Juan Basin Royalty Trust

A number of institutional investors and hedge funds have recently modified their holdings of SJT. Twin Focus Capital Partners LLC lifted its holdings in San Juan Basin Royalty Trust by 13.0% in the third quarter. Twin Focus Capital Partners LLC now owns 217,124 shares of the oil and gas producer’s stock valued at $1,505,000 after acquiring an additional 25,000 shares during the period. Waverly Advisors LLC increased its position in shares of San Juan Basin Royalty Trust by 7.5% in the third quarter. Waverly Advisors LLC now owns 43,250 shares of the oil and gas producer’s stock valued at $299,000 after buying an additional 3,000 shares in the last quarter. Alps Advisors Inc. increased its position in shares of San Juan Basin Royalty Trust by 72.8% in the third quarter. Alps Advisors Inc. now owns 50,874 shares of the oil and gas producer’s stock valued at $353,000 after buying an additional 21,436 shares in the last quarter. Wealthsource Partners LLC increased its position in shares of San Juan Basin Royalty Trust by 1.3% in the fourth quarter. Wealthsource Partners LLC now owns 513,588 shares of the oil and gas producer’s stock valued at $2,609,000 after buying an additional 6,450 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of San Juan Basin Royalty Trust by 22.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 125,756 shares of the oil and gas producer’s stock valued at $639,000 after buying an additional 22,792 shares in the last quarter. Institutional investors and hedge funds own 10.42% of the company’s stock.

About San Juan Basin Royalty Trust

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.