The stock of San Juan Basin Royalty Trust (NYSE:SJT) last traded at $11.35, down -6.97% from the previous session.
Data from the available sources indicates that San Juan Basin Royalty Trust (NYSE:SJT) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.50 and a low of $20.50, we find $20.50. Given the previous closing price of $12.20, this indicates a potential upside of 68.03 percent. SJT stock price is now 1.98% away from the 50-day moving average and 3.72% away from the 200-day moving average. The market capitalization of the company currently stands at $525.05M.
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In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $20.50 as their price target over the next twelve months.
With the price target reduced from $25.50 to $17.50, Citigroup Upgraded its rating from Sell to Hold for San Juan Basin Royalty Trust (NYSE: SJT).
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SJT stock. A new stake in San Juan Basin Royalty Trust shares was purchased by BECK BODE, LLC during the first quarter worth $3,499,000. WALLEYE CAPITAL LLC invested $1,008,000 in shares of SJT during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in San Juan Basin Royalty Trust valued at approximately $633,000. CETERA ADVISOR NETWORKS LLC acquired a new stake in SJT for approximately $246,000. WALKNER CONDON FINANCIAL ADVISORS LLC purchased a new stake in SJT valued at around $214,000 in the second quarter. In total, there are 87 active investors with 14.20% ownership of the company’s stock.
With an opening price of $12.10 on Wednesday morning, San Juan Basin Royalty Trust (NYSE: SJT) set off the trading day. During the past 12 months, San Juan Basin Royalty Trust has had a low of $5.88 and a high of $15.43. The fifty day moving average price for SJT is $11.13 and a two-hundred day moving average price translates $10.94 for the stock.
The latest earnings results from San Juan Basin Royalty Trust (NYSE: SJT) was released for Jun, 2022. The company reported revenue of $21.36 million for the quarter, compared to $6.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 252.44 percent.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 12/30/2022 were paid a $0.096295 dividend. On an annualized basis, this represents a $1.67 dividend and a 14.67% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, SJT is presently at 122.00%.
San Juan Basin Royalty Trust(SJT) Company Profile
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland’s oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The 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, as well as 1,140.0 net wells. BBVA USA serves as the trustee of the San Juan Basin Royalty Trust. The company was founded in 1980 and is based in Houston, Texas.
