StockNews.com Upgrades Sabine Royalty Trust (NYSE:SBR) to “Buy”

Sabine Royalty Trust (NYSE:SBR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Sabine Royalty Trust Stock Down 0.1 %

Shares of NYSE:SBR opened at $65.58 on Friday. Sabine Royalty Trust has a fifty-two week low of $57.73 and a fifty-two week high of $69.50. The firm’s 50 day moving average price is $64.58 and its 200 day moving average price is $63.04. The stock has a market cap of $956.14 million, a price-to-earnings ratio of 10.10 and a beta of 0.48.

Sabine Royalty Trust (NYSE:SBR) last announced its quarterly earnings data on Tuesday, November 12th. The energy company reported $1.31 EPS for the quarter. The company had revenue of $19.93 million for the quarter. Sabine Royalty Trust had a net margin of 96.72% and a return on equity of 1,088.44%.

Institutional Investors Weigh In On Sabine Royalty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in SBR. Signature Resources Capital Management LLC acquired a new position in Sabine Royalty Trust in the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. grew its position in shares of Sabine Royalty Trust by 79.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028 shares of the energy company’s stock valued at $64,000 after buying an additional 456 shares during the last quarter. Captrust Financial Advisors acquired a new stake in Sabine Royalty Trust during the 3rd quarter worth $230,000. M.E. Allison & CO. Inc. acquired a new stake in Sabine Royalty Trust during the 4th quarter worth $259,000. Finally, Geneos Wealth Management Inc. lifted its position in Sabine Royalty Trust by 1,683.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,727 shares of the energy company’s stock valued at $306,000 after acquiring an additional 4,462 shares during the last quarter. Institutional investors and hedge funds own 15.81% of the company’s stock.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.