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

San Juan Basin Royalty Trust (NYSE:SJTGet Free Report) posted its earnings results on Thursday. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

San Juan Basin Royalty Trust Price Performance

Shares of NYSE:SJT traded down $0.00 during trading on Thursday, reaching $4.29. The company had a trading volume of 128,924 shares, compared to its average volume of 159,026. The company has a fifty day moving average of $4.71 and a two-hundred day moving average of $5.36. San Juan Basin Royalty Trust has a 12 month low of $4.10 and a 12 month high of $7.22.

Hedge Funds Weigh In On San Juan Basin Royalty Trust

Institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new position in shares of San Juan Basin Royalty Trust in the 4th quarter worth $64,000. Boothbay Fund Management LLC bought a new position in shares of San Juan Basin Royalty Trust in the 3rd quarter worth $131,000. Corient Private Wealth LLC bought a new position in shares of San Juan Basin Royalty Trust in the 2nd quarter worth $181,000. AQR Capital Management LLC bought a new position in shares of San Juan Basin Royalty Trust during the 4th quarter valued at $183,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of San Juan Basin Royalty Trust during the 4th quarter valued at $191,000. Institutional investors own 10.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on SJT

San Juan Basin Royalty Trust Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for San Juan Basin Royalty Trust (NYSE:SJT)

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