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

San Juan Basin Royalty Trust (NYSE:SJT) announced 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 Stock Performance

NYSE SJT traded down $0.00 on Thursday, hitting $4.29. The stock had a trading volume of 128,924 shares, compared to its average volume of 159,026. San Juan Basin Royalty Trust has a 52-week low of $4.10 and a 52-week high of $7.22. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $5.36.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, According to MarketBeat.com, San Juan Basin Royalty Trust presently has a consensus rating of “Sell”.

Institutional Trading of San Juan Basin Royalty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter worth approximately $64,000. Boothbay Fund Management LLC purchased a new stake in San Juan Basin Royalty Trust in the 3rd quarter worth approximately $131,000. Corient Private Wealth LLC purchased a new stake in San Juan Basin Royalty Trust in the 2nd quarter worth approximately $181,000. XTX Topco Ltd purchased a new stake in San Juan Basin Royalty Trust in the 2nd quarter worth approximately $192,000. Finally, AQR Capital Management LLC purchased a new stake in San Juan Basin Royalty Trust in the 4th quarter worth approximately $183,000. 10.42% of the stock is currently owned by hedge funds and other institutional investors.

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.