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

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

San Juan Basin Royalty Trust Price Performance

Shares of NYSE:SJT traded down $0.07 during mid-day trading on Friday, reaching $4.16. 407,152 shares of the company traded hands, compared to its average volume of 159,754. The company’s 50 day moving average price is $4.69 and its 200-day moving average price is $5.35. The firm has a market cap of $194.04 million, a PE ratio of -416.30 and a beta of 0.58. San Juan Basin Royalty Trust has a 52 week low of $4.07 and a 52 week high of $7.22.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of San Juan Basin Royalty Trust in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SJT. XTX Topco Ltd bought a new position in shares of San Juan Basin Royalty Trust during the 2nd quarter valued at approximately $192,000. Raymond James Financial Inc. boosted its stake in San Juan Basin Royalty Trust by 13.6% in the 2nd quarter. Raymond James Financial Inc. now owns 338,062 shares of the oil and gas producer’s stock worth $2,022,000 after purchasing an additional 40,363 shares during the period. Corient Private Wealth LLC bought a new position in San Juan Basin Royalty Trust in the 2nd quarter worth approximately $181,000. Advisory Services Network LLC boosted its stake in San Juan Basin Royalty Trust by 392.2% in the 2nd quarter. Advisory Services Network LLC now owns 237,397 shares of the oil and gas producer’s stock worth $1,436,000 after purchasing an additional 189,170 shares during the period. Finally, Two Sigma Investments LP boosted its stake in San Juan Basin Royalty Trust by 20.8% in 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. 10.42% of the stock is currently owned by institutional investors.

About San Juan Basin Royalty Trust

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.